Ballet Arts Ensemble Inc

Analysis

Ballet Arts Ensemble Inc is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in February 1983, 43 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 June 2024, Ballet Arts Ensemble Inc reported income of $90k and spending of $79k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $79k to $90k (+14%), an average of +14% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet Arts Ensemble Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($90k), Soccer Assoc for Youth ($90k) and Allendale Volunteer Fire Association ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $30k against liabilities of $2,034, net assets of $28k.