Lincoln Midwest Ballet Company

Analysis

Lincoln Midwest Ballet Company is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 2023, Lincoln Midwest Ballet Company reported income of $300k and spending of $267k, spending 89% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $282k to $300k (+6.3%), an average of +2.0% a year. The sharpest change came in the year to May 2022, when income rose by 151%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lincoln Midwest Ballet Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NE. Charities of a similar size with the same main cause include Billy Defrank Lesbian and Gay Community Center ($300k), Icthus International Inc ($300k) and Saline County Medical Foundation ($300k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Other salaries and wages came to $14k. At year end it held assets of $649k against liabilities of $24k, net assets of $625k. It reported 2 employees.