Frederick Ballet Company

Analysis

Frederick Ballet Company is a registered charity in United States, based in Jefferson, MD. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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, Frederick Ballet Company reported income of $123k and spending of $117k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $78k to $123k (+57%), an average of +57% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick Ballet Company sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($123k), Institute for Research and Education on Human Rights Inc ($123k) and Solid Waste Association of North America ($123k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5,751 against liabilities of $0, net assets of $5,751.