Triangle Youth Ballet

Analysis

Triangle Youth Ballet is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2023, Triangle Youth Ballet reported income of $461k and spending of $440k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $334k to $461k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triangle Youth Ballet sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Wisdom Age Metaverse ($461k), The Sanibel Historical Museum and Village Inc ($462k) and Blossom Hill Foundation Inc ($461k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $31k (7.0% of expenses). Other salaries and wages came to $108k. At year end it held assets of $327k against liabilities of $127k, net assets of $200k. It reported 14 employees.