International Ballet

Analysis

International Ballet is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in August 2005, 21 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 2023, International Ballet reported income of $971k and spending of $1.0m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $710k to $971k (+37%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Ballet sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Asheville Museum of Science ($970k), Swedish Club Foundation ($972k) and Pacific Rim Cultural Foundation ($970k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $52k (5.1% of expenses). Other salaries and wages came to $300k. At year end it held assets of $470k against liabilities of $204k, net assets of $266k. It reported 26 employees.