Greensboro Ballet Inc

Analysis

Greensboro Ballet Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in January 1967, 59 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 July 2024, Greensboro Ballet Inc reported income of $411k and spending of $394k, spending 96% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $361k to $411k (+14%), an average of +3.3% a year. The sharpest change came in the year to July 2022, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greensboro Ballet Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include The Coming King Foundation ($411k), Silicon Valley Jewish Film Festival ($411k) and American Institute of Dental Public Health ($411k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $40k (10% of expenses). Other salaries and wages came to $139k. At year end it held assets of $37k against liabilities of $5,585, net assets of $32k. It reported 10 employees.