Central Midwest Ballet Inc

Analysis

Central Midwest Ballet Inc is a registered charity in United States, based in Middleton, WI. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Central Midwest Ballet Inc reported income of $305k and spending of $350k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $266k to $305k (+15%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Midwest Ballet Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Chromadiverse Inc ($305k), Spain - USA Foundation ($305k) and Lehi City Arts Council ($305k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Other salaries and wages came to $139k. At year end it held assets of $126k against liabilities of $76k, net assets of $50k. It reported 4 employees.