Atlanta Ballet Incorporated

Analysis

Atlanta Ballet Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1969, 57 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 2023, Atlanta Ballet Incorporated reported income of $10.6m and spending of $12.6m, spending 119% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $10.5m to $10.6m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to July 2020, when income rose by 28%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlanta Ballet Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Institute for Family Development ($10.5m), Prairie Public Broadcasting Inc ($10.6m) and Lower East Side Tenement Museum ($10.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.1m (9.0% of expenses). Other salaries and wages came to $4.2m. It paid $26k in professional fundraising fees. At year end it held assets of $16.7m against liabilities of $5.0m, net assets of $11.8m. It reported 199 employees.