Central Ohio Youth Ballet

Analysis

Central Ohio Youth Ballet is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in August 1998, 28 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 June 2022, Central Ohio Youth Ballet reported income of $63k and spending of $80k, spending 128% of what it took in. Across the 3 years on record, from June 2019 to June 2022, income fell from $196k to $63k (-68%), an average of -43% a year. The sharpest change came in the year to June 2021, when income dropped by 73%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Ohio Youth Ballet sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Star Spangled Spectacular ($63k), Ogallala Quilters Society ($63k) and Ashland Childrens Theatre ($63k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 45% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $25k (31% of expenses). At year end it held assets of $468k against liabilities of $503k, net assets of -$35k.