Ballet Arkansas

Analysis

Ballet Arkansas is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1979, 47 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 Arkansas reported income of $1.4m and spending of $946k, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $759k to $1.4m (+85%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 70% 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 Arkansas sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within AR. Charities of a similar size with the same main cause include El Dorado Musical Theatre ($1.4m), The National Center for Science Education Inc ($1.4m) and Roberson Museum and Science Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $85k (9.0% of expenses). Other salaries and wages came to $396k. At year end it held assets of $1.6m against liabilities of $1,219, net assets of $1.6m. It reported 19 employees.