Lexington Ballet Company Inc

Analysis

Lexington Ballet Company Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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, Lexington Ballet Company Inc reported income of $667k and spending of $493k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $542k to $667k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Ballet Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Walkersville Volunteer Rescue Co Inc ($667k), History Center of Lake Forest Lake Bluff ($667k) and Franciscan Mountain Retreat Inc ($667k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $222k. At year end it held assets of $330k against liabilities of $4,848, net assets of $325k. It reported 14 employees.