Balletcollective Inc

Analysis

Balletcollective Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Balletcollective Inc reported income of $886k and spending of $859k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $886k (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 256%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balletcollective Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Hits Theatre ($886k), National New Play Network Ltd ($887k) and Playhouse Artists ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $69k (8.1% of expenses). At year end it held assets of $1.6m against liabilities of $250, net assets of $1.6m.