First State Ballet Theatre Inc

Analysis

First State Ballet Theatre Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2000, 26 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, First State Ballet Theatre Inc reported income of $1.1m and spending of $813k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $1.1m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First State Ballet Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Victory Music & Dance Company Inc ($1.1m), Musical Bridges Around the World Inc ($1.1m) and Magic Theatre Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $133k (16% of expenses). Other salaries and wages came to $337k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 35 employees.