Virginia Ballet Company and School

Analysis

Virginia Ballet Company and School is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in December 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 August 2023, Virginia Ballet Company and School reported income of $650k and spending of $552k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $485k to $650k (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2022, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Ballet Company and School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Preservation Society of Asheville and Buncombe County Inc ($650k), Blue River Arts Council Inc ($650k) and Eau Claire Childrens Theatre Inc ($650k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Other salaries and wages came to $235k. At year end it held assets of $447k against liabilities of $80k, net assets of $367k. It reported 21 employees.