Bluegrass Youth Ballet Inc

Analysis

Bluegrass Youth Ballet Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2008, 18 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, Bluegrass Youth Ballet Inc reported income of $553k and spending of $502k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $424k to $553k (+31%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bluegrass Youth Ballet Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include BGH Foundation ($553k), Maine-Wabanaki Reach ($553k) and Linn County Historical Society ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. Other salaries and wages came to $241k. At year end it held assets of $155k against liabilities of $500, net assets of $154k. It reported 14 employees.