Ballet Quad Cities

Analysis

Ballet Quad Cities is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in August 1991, 35 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 Quad Cities reported income of $753k and spending of $515k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $443k to $753k (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 83% 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 Quad Cities sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Collegiate Network Inc ($753k), European Christmas Market ($753k) and Red Oak Heritage Foundation ($753k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $72k (14% of expenses). Other salaries and wages came to $118k. At year end it held assets of $540k against liabilities of $98k, net assets of $443k. It reported 4 employees.