Ballet in the City Inc

Analysis

Ballet in the City Inc is a registered charity in United States, based in Akron, OH. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ballet in the City Inc reported income of $77k and spending of $29k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $92k to $77k (-17%), an average of -8.8% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 70% 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 in the City Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Iowa Academy of Science ($77k), Genesius Theater Foundation Inc ($77k) and Missouri Veterinary Medical Foundation ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 64% of the total. At year end it held assets of $132k against liabilities of $2,869, net assets of $129k.