Ballet Five Eight NFP

Analysis

Ballet Five Eight NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Ballet Five Eight NFP reported income of $984k and spending of $1.2m, spending 117% of what it took in. Across the 6 years on record, from May 2020 to May 2024, income grew from $725k to $984k (+36%), an average of +6.3% a year. The sharpest change came in the year to May 2021, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Five Eight NFP sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Lifetime Arts ($984k), American Research Institute in Turkey Inc ($984k) and International Churchill Society ($984k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $88k (7.7% of expenses). Other salaries and wages came to $451k. At year end it held assets of $257k against liabilities of $283k, net assets of -$26k. It reported 48 employees.