Cary Ballet Company

Analysis

Cary Ballet Company is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in May 1999, 27 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, Cary Ballet Company reported income of $287k and spending of $282k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $201k to $287k (+43%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cary Ballet Company sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Ires Foundation ($286k), Enid Community Theater Inc ($287k) and Recreation Inc ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $44k (16% of expenses). At year end it held assets of $33k against liabilities of $3,599, net assets of $30k.