Cincinnati Ballet Company Inc

Analysis

Cincinnati Ballet Company Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1967, 59 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 July 2023, Cincinnati Ballet Company Inc reported income of $13.9m and spending of $13.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $24.5m to $13.9m (-43%), an average of -13% a year. The sharpest change came in the year to July 2020, when income dropped by 37%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Ballet Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Nasher Sculpture Center ($13.9m), Commonwealth Center for Advanced Manufacturing ($13.9m) and Palm Beach Maritime Museum Inc ($13.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $460k (3.5% of expenses). Other salaries and wages came to $4.4m. It paid $26k in professional fundraising fees. At year end it held assets of $29.6m against liabilities of $12.7m, net assets of $17.0m. It reported 203 employees.