Michigan Ballet Academy

Analysis

Michigan Ballet Academy is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2011, 15 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 August 2023, Michigan Ballet Academy reported income of $321k and spending of $315k, spending 98% of its income. Across the 4 years on record, from August 2020 to August 2023, income fell from $332k to $321k (-3.2%), an average of -1.1% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Ballet Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Loudoun Heritage Farm Museum ($321k), Theater Lab Inc ($321k) and Friends of the Saint Marys Theater and Grand Opera House Inc ($321k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 55% of the total. Other salaries and wages came to $57k. At year end it held assets of $57k against liabilities of $26k, net assets of $30k. It reported 5 employees.