Akhmedova Ballet Foundation Inc

Analysis

Akhmedova Ballet Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Akhmedova Ballet Foundation Inc reported income of $486k and spending of $407k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $486k (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Akhmedova Ballet Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Salt Pa ($486k), Pickle Hill Public Broadcasting Inc ($486k) and Imagine Mke Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $58k (14% of expenses). At year end it held assets of $956k against liabilities of $534k, net assets of $422k. It reported 1 employees.