Ballet Chicago Company

Analysis

Ballet Chicago Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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 August 2023, Ballet Chicago Company reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $1.4m (-24%), an average of -6.7% a year. The sharpest change came in the year to August 2020, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet Chicago Company 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 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Family Tree Child Care Center Inc ($1.4m), Brightleaf Inc ($1.4m) and St Clare Management Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $189k (11% of expenses). Other salaries and wages came to $427k. At year end it held assets of $2.2m against liabilities of $2.4m, net assets of -$255k. It reported 45 employees.