Roanoke Ballet Theatre Inc

Analysis

Roanoke Ballet Theatre Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in January 1980, 46 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, Roanoke Ballet Theatre Inc reported income of $425k and spending of $438k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $425k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roanoke Ballet Theatre Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Basilica Arts Inc ($425k), Lowells Maritime Foundation Dba Lowells Boat Shop ($425k) and Lubbock Moonlight Musicals Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $92k (21% of expenses). Other salaries and wages came to $141k. At year end it held assets of $153k against liabilities of $27k, net assets of $125k. It reported 28 employees.