International Ballet Company

Analysis

International Ballet Company is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in November 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Ballet Company reported income of $89k and spending of $88k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $89k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Ballet Company sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Woman Empowerment Telugu Association ($89k), Manu O Ke Kai Canoe Club ($89k) and Community Players Hobbs N Mex ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.