Fadeyev Ballet Inc

Analysis

Fadeyev Ballet Inc is a registered charity in United States, based in Greenvale, NY. It received its IRS tax-exemption ruling in June 2018, 8 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, Fadeyev Ballet Inc reported income of $202k and spending of $205k, spending 102% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $180k to $202k (+12%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fadeyev Ballet Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include House of Afros Capes & Curls ($202k), Claremont Young Musicians Orchestra ($202k) and Crested Butte Society Inc ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $90k (44% of expenses). Other salaries and wages came to $18k. At year end it held assets of $9,851 against liabilities of $26k, net assets of -$16k.