Indiana Ballet Theatre NW Inc

Analysis

Indiana Ballet Theatre NW Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Indiana Ballet Theatre NW Inc reported income of $446k and spending of $350k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $446k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Ballet Theatre NW Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include 7000 Languages ($446k), California Choral Directors Association ($446k) and Honor Flight Syracuse Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $36k (10% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.1m against liabilities of $7,443, net assets of $1.1m. It reported 18 employees.