Heart of America Youth Ballet

Analysis

Heart of America Youth Ballet is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in June 1999, 27 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, Heart of America Youth Ballet reported income of $95k and spending of $76k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $95k (+192%), an average of +192% a year. The sharpest change came in the year to December 2023, when income rose by 192%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heart of America Youth Ballet sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MO. Charities of a similar size with the same main cause include T E and Company ($95k), Carlton Cty Historical Society ($95k) and Ballet22 ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.