American Friends of the National Ballet of Canada Inc

Analysis

American Friends of the National Ballet of Canada Inc is a registered charity in United States, based in Buffalo, NY. 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 (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, American Friends of the National Ballet of Canada Inc reported income of $50k and spending of $113k, spending 225% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $270k to $50k (-81%), an average of -57% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Friends of the National Ballet of Canada Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Tioga Point Museum Assn ($50k), Peoples Portfolio Inc ($50k) and Korean Cultural Center ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $207k against liabilities of $3,342, net assets of $203k.