Ballet Chelsea

Analysis

Ballet Chelsea is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in October 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Ballet Chelsea reported income of $606k and spending of $677k, spending 112% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $521k to $606k (+16%), an average of +3.9% a year. The sharpest change came in the year to April 2023, when income rose by 34%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Chelsea sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Asian Improv Arts Midwest ($606k), Asmbly Makerspace Inc ($606k) and Boston String Academy Inc ($606k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $383k. At year end it held assets of $358k against liabilities of $0, net assets of $358k. It reported 28 employees.