Northwest Arkansas Ballet

Analysis

Northwest Arkansas Ballet is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in November 2013, 13 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 June 2024, Northwest Arkansas Ballet reported income of $53k and spending of $72k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $158k to $53k (-66%), an average of -20% a year. The sharpest change came in the year to June 2020, when income rose by 244%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Arkansas Ballet sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within AR. Charities of a similar size with the same main cause include Central Eurasian Studies Society Inc ($53k), Tallahassee Film Society ($53k) and Palos Verdes Iranian Children & Youth Cultural Society ($53k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $24k. At year end it held assets of $39k against liabilities of $22k, net assets of $17k. It reported 2 employees.