Fort Wayne Ballet Inc

Analysis

Fort Wayne Ballet Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in January 1958, 68 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, Fort Wayne Ballet Inc reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to July 2021, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Wayne Ballet Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Humanities Tennessee ($1.7m), Acorn Center for the Performing Arts ($1.7m) and Oxford American Literary Project Inc ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 51% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $188k (13% of expenses). Other salaries and wages came to $643k. At year end it held assets of $2.8m against liabilities of $104k, net assets of $2.7m. It reported 42 employees.