Ballet Western Reserve Inc

Analysis

Ballet Western Reserve Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 1981, 45 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ballet Western Reserve Inc reported income of $245k and spending of $258k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $316k to $245k (-22%), an average of -6.1% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Western Reserve Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Friends of the Preparatory Charter School ($245k), Anikaya Akhra Inc ($245k) and Pioneer Bluffs Foundation Inc ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Other salaries and wages came to $107k. At year end it held assets of $328k against liabilities of $150k, net assets of $178k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.