Canton Ballet

Analysis

Canton Ballet is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in January 1968, 58 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 2023, Canton Ballet reported income of $687k and spending of $777k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $834k to $687k (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Canton Ballet sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include 4th Wall Theatre Company ($687k), Ncd-North Coast Dance ($687k) and Eastern Shore Art Assn Inc ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $147k (19% of expenses). Other salaries and wages came to $192k. At year end it held assets of $489k against liabilities of $135k, net assets of $354k. It reported 8 employees.