Balletx

Analysis

Balletx is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2002, 24 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, Balletx reported income of $3.8m and spending of $3.5m, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.6m to $3.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to July 2021, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balletx sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Center for New Music San Francisco Inc ($3.8m), National Society of the Colonial Dames of America ($3.8m) and San Diego Automotive Museum Inc ($3.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.9m against liabilities of $406k, net assets of $5.5m. It reported 35 employees.