Southwest Virginia Ballet Company

Analysis

Southwest Virginia Ballet Company is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in September 1993, 33 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 June 2023, Southwest Virginia Ballet Company reported income of $364k and spending of $352k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $274k to $364k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Virginia Ballet Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Lovegood Performing Arts Company ($363k), Consumer Brands Association Foundation Inc ($364k) and New England Ski Museum ($363k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $85k (24% of expenses). Other salaries and wages came to $13k. At year end it held assets of $489k against liabilities of $0, net assets of $489k. It reported 5 employees.