Kansas City Ballet Association

Analysis

Kansas City Ballet Association is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1959, 67 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 June 2023, Kansas City Ballet Association reported income of $11.5m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.9m to $11.5m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2020, when income dropped by 39%. 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, Kansas City Ballet Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Alaska Center for the Performing Arts Inc ($11.5m), Eiteljorg Museum of American Indians and Western Art Inc ($11.5m) and Newport Festivals Foundation Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $503k (4.6% of expenses). Other salaries and wages came to $4.2m. It paid $750 in professional fundraising fees. At year end it held assets of $48.4m against liabilities of $3.6m, net assets of $44.8m. It reported 219 employees.