Nashville Ballet

Analysis

Nashville Ballet is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Nashville Ballet reported income of $6.5m and spending of $8.4m, spending 129% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $6.4m to $6.5m (+1.7%), an average of +0.6% a year. The sharpest change came in the year to May 2022, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nashville Ballet sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Clay Center for the Arts & Sciences of West Virginia Inc ($6.5m), Zeiterion Theatre Inc ($6.5m) and Dayton Society of Natural History Dayton Museum of Natural History ($6.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $467k (5.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $10.1m against liabilities of $3.7m, net assets of $6.5m. It reported 201 employees.