Virginia National Ballet

Analysis

Virginia National Ballet is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2024, Virginia National Ballet reported income of $296k and spending of $285k, spending 96% of its income. Across the 4 years on record, from December 2021 to June 2024, income grew from $67k to $296k (+339%), an average of +64% a year. The sharpest change came in the year to June 2024, when income rose by 825%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia National Ballet sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Harbor Theater ($296k), The Stray Theater Inc ($296k) and Cuyahoga Valley Art Center ($296k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $76k. At year end it held assets of $34k against liabilities of $2,930, net assets of $31k.