Harford Ballet Company Inc

Analysis

Harford Ballet Company Inc is a registered charity in United States, based in Abingdon, MD. It received its IRS tax-exemption ruling in June 2002, 24 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 July 2023, Harford Ballet Company Inc reported income of $226k and spending of $231k, spending 102% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $183k to $226k (+24%), an average of +24% a year. The sharpest change came in the year to July 2023, when income rose by 24%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harford Ballet Company Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Brunswick Instrumental Music Boosters Inc ($226k), The Frederick Childrens Chorus Inc ($227k) and Englewood Cultural Arts Center ($226k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). Other salaries and wages came to $39k. At year end it held assets of $17k against liabilities of $6,048, net assets of $11k. It reported 4 employees.