High Point Ballet

Analysis

High Point Ballet is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in March 1989, 37 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 2024, High Point Ballet reported income of $203k and spending of $196k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $174k to $203k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, High Point Ballet sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Hearts & Hands Preschool Inc ($203k), PTA California Congress of Parents Teachers & Students Inc ($203k) and Michigan Senior Olympics Inc ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $3,814 against liabilities of $91k, net assets of -$87k.