Indiana Ballet Conservatory Inc

Analysis

Indiana Ballet Conservatory Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Indiana Ballet Conservatory Inc reported income of $692k and spending of $692k, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $718k to $692k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to July 2021, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Ballet Conservatory Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Irish Georgian Society Inc ($692k), Zoetic Stage Inc ($692k) and Rockport Art Association ($692k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $340k. At year end it held assets of $584k against liabilities of $419k, net assets of $165k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.