Olney Childrens Ballet Theater Incorporated

Analysis

Olney Childrens Ballet Theater Incorporated is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in August 1994, 32 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, Olney Childrens Ballet Theater Incorporated reported income of $97k and spending of $143k, spending 149% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $158k to $97k (-39%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olney Childrens Ballet Theater Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Beverly S Exhibitions Corp ($97k), Cyberhawaii ($97k) and Neshaminy High School Instrumental Music Boosters ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $96k against liabilities of $68k, net assets of $29k.