Continental Ballet Company

Analysis

Continental Ballet Company is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in August 1993, 33 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 2024, Continental Ballet Company reported income of $194k and spending of $193k, spending 99% of its income. Across the 3 years on record, from July 2019 to July 2024, income fell from $226k to $194k (-14%), an average of -7.5% a year. The sharpest change came in the year to July 2023, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Continental Ballet Company sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Family Career and Community Leaders of America Inc ($194k), Lions Camp Horizon ($194k) and Villa Desiderata Inc ($194k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 28% and program service revenue 71% of the total. At year end it held assets of $100k against liabilities of $6,187, net assets of $94k.