Ballroom Basix USA Inc

Analysis

Ballroom Basix USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ballroom Basix USA Inc reported income of $801k and spending of $704k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $346k to $801k (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 238%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballroom Basix USA Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Penacook Civil Defense Rescue Squad ($801k), Mount Carmel Guild ($801k) and Plumbers & Pipefitters Local 162 Apprenticeship TR ($801k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $129k. At year end it held assets of $560k against liabilities of $228k, net assets of $332k. It reported 17 employees.