Ballet Works Inc

Analysis

Ballet Works Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1994, 32 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 (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 2023, Ballet Works Inc reported income of $448k and spending of $581k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $695k to $448k (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 104% 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 Works Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include El Museo Cultural de Santa Fe ($448k), The Art Museum of Eastern Idaho Inc ($449k) and Rebel Band Booster Club Inc ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $51k (8.8% of expenses). Other salaries and wages came to $280k. At year end it held assets of $179k against liabilities of $5,155, net assets of $174k. It reported 13 employees.