Ballet Theatre of Lexington Inc

Analysis

Ballet Theatre of Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 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 2024, Ballet Theatre of Lexington Inc reported income of $453k and spending of $425k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $301k to $453k (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Theatre of Lexington Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Minnesota Chorale ($453k), Graduate Theological Foundation ($453k) and Moxie Theatre Incorporated ($453k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.1% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $119k. At year end it held assets of $359k against liabilities of $2,605, net assets of $356k. It reported 20 employees.