New York State Ballet Corp

Analysis

New York State Ballet Corp is a registered charity in United States, based in Pittsford, NY. It received its IRS tax-exemption ruling in February 2015, 11 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 March 2024, New York State Ballet Corp reported income of $179k and spending of $187k, spending 104% of its income. Across the 3 years on record, from March 2022 to March 2024, income grew from $161k to $179k (+11%), an average of +5.4% a year. The sharpest change came in the year to March 2024, when income rose by 50%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York State Ballet Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Broad Street Comedy ($179k), LA Conexion de Wood County ($179k) and India Association of Charlotte ($179k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $62k against liabilities of $50k, net assets of $11k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.