Washington Ballet

Analysis

Washington Ballet is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Washington Ballet reported income of $14.2m and spending of $15.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.2m to $14.2m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Ballet sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include American Council on the Teaching of Foreign Languages Inc ($14.1m), Ford S Theatre Society ($14.2m) and Greater Education Opportunities Foundation ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.1m (6.9% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $10.5m against liabilities of $4.6m, net assets of $5.9m. It reported 165 employees.