The Ballet Theatre of Maryland Incorporated

Analysis

The Ballet Theatre of Maryland Incorporated is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in January 1991, 35 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, The Ballet Theatre of Maryland Incorporated reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $868k to $1.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Ballet Theatre of Maryland Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include National Blues Museum ($1.1m), Outermost Performing Arts Center Inc ($1.1m) and San Diego Model Railroad Museum Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $64k (6.0% of expenses). Other salaries and wages came to $423k. At year end it held assets of $552k against liabilities of $220k, net assets of $331k. It reported 50 employees.