Norman Ballet Company Inc

Analysis

Norman Ballet Company Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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, Norman Ballet Company Inc reported income of $97k and spending of $84k, spending 87% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $46k to $97k (+111%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norman Ballet Company Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within OK. Charities of a similar size with the same main cause include Ashtabula Dream Center ($97k), Hot Springs-Hot Springs Village Symphony Guild Inc ($97k) and Y-Not Save a Sam Rescue ($97k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 44% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.