Nashville Ballet Foundation

Analysis

Nashville Ballet Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Nashville Ballet Foundation reported income of $73k and spending of $130k, spending 177% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $250k to $73k (-71%), an average of -34% a year. The sharpest change came in the year to May 2021, when income dropped by 63%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nashville Ballet Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Artmax Academy ($73k), Sing Love Ministries ($73k) and Daneville Heritage Association Inc ($73k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.