Ballet Next Inc

Analysis

Ballet Next Inc is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in November 2012, 14 years ago. 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 2022, Ballet Next Inc reported income of $167k and spending of $191k, spending 114% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $9,223 to $167k (+1714%), an average of +326% a year. The sharpest change came in the year to June 2021, when income rose by 918%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet Next Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within UT. Charities of a similar size with the same main cause include Springdale Cemetery Association ($167k), Wausau Youth Basaball Inc ($167k) and South Arkansas Livestock Show Association ($167k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. At year end it held assets of $151k against liabilities of $177k, net assets of -$26k.