Wake Forest Youth Ballet

Analysis

Wake Forest Youth Ballet is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in July 2017, 9 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 December 2023, Wake Forest Youth Ballet reported income of $138k and spending of $127k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $138k (+14%), an average of +14% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wake Forest Youth Ballet sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Lake Region Heritage Center Inc ($138k), The Vigil Project Inc ($138k) and Human Behavior and Evolution Society Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 26% of the total. At year end it held assets of $110k against liabilities of $1,199, net assets of $109k.