Peoria Ballet Co

Analysis

Peoria Ballet Co is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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 July 2023, Peoria Ballet Co reported income of $471k and spending of $453k, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $483k to $471k (-2.5%), an average of -0.6% a year. The sharpest change came in the year to July 2021, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peoria Ballet Co sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Montgomery Youth Sports Association Inc ($471k), California Association of Student Financial Aid Administrators ($471k) and Oaken Acres Wildlife Refuge and Rehabilitation Center ($471k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $120k (27% of expenses). Other salaries and wages came to $59k. At year end it held assets of $315k against liabilities of $2,207, net assets of $313k. It reported 15 employees.