Rockbridge Ballet

Analysis

Rockbridge Ballet is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Rockbridge Ballet reported income of $351k and spending of $326k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $209k to $351k (+68%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rockbridge Ballet sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Glens Falls Area Youth Center Inc ($351k), Penns Valley Youth Center ($351k) and South Dakota Youth Hunting Adventures ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $76k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $130k against liabilities of $5,525, net assets of $125k. It reported 19 employees.