The Joffrey Ballet

Analysis

The Joffrey Ballet is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2023, The Joffrey Ballet reported income of $26.5m and spending of $26.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $26.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Joffrey Ballet sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Detroit Public Media ($26.4m), Historic Haymarket Milwaukee I Inc ($26.6m) and Joslyn Art Museum ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $1.5m (5.5% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $47.8m against liabilities of $4.2m, net assets of $43.6m. It reported 188 employees.