Ohio Contemporary Ballet

Analysis

Ohio Contemporary Ballet is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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 2023, Ohio Contemporary Ballet reported income of $661k and spending of $624k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $522k to $661k (+27%), an average of +8.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ohio Contemporary Ballet sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Portland Toy & Joy Makers Incorporated ($661k), Recorded Talmud ($661k) and Walsh Park Benevolent Corporation ($661k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $48k (7.7% of expenses). Other salaries and wages came to $253k. At year end it held assets of $288k against liabilities of $11k, net assets of $277k. It reported 26 employees.