Charlotte Youth Ballet Inc

Analysis

Charlotte Youth Ballet Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1987, 39 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, Charlotte Youth Ballet Inc reported income of $220k and spending of $240k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $280k to $220k (-21%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Youth Ballet Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Twin Lakes Association of Salisbury Inc ($220k), 10four ($220k) and Several Dancers Core Inc ($220k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 92% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.