Balletnova Center for Dance

Analysis

Balletnova Center for Dance is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in April 1985, 41 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, Balletnova Center for Dance reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.5m (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. 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, Balletnova Center for Dance sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Wooster Christian School Inc ($1.5m), Antioch Christian Academy ($1.5m) and Public Defender Corporation for Raleigh County ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $221k. At year end it held assets of $3.0m against liabilities of $2.7m, net assets of $361k. It reported 7 employees.