Concert Ballet of Virginia

Analysis

Concert Ballet of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1977, 49 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 December 2023, Concert Ballet of Virginia reported income of $60k and spending of $57k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $60k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concert Ballet of Virginia sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Palm Springs Womens Jazz and Blues Association ($59k), Motion Picture Hall of Fame Foundation ($60k) and West Jersey Chamber Music Society Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 67% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.