Pennsylvania Ballet Academy

Analysis

Pennsylvania Ballet Academy is a registered charity in United States, based in Camp Hill, PA. It received its IRS tax-exemption ruling in March 2022, 4 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 2023, Pennsylvania Ballet Academy reported income of $252k and spending of $201k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $114k to $252k (+120%), an average of +120% a year. The sharpest change came in the year to June 2023, when income rose by 120%. 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, Pennsylvania Ballet Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Association of Bookmobile and Outreach Services ($252k), Circuit Network ($252k) and Marine Aviation Museum Incorporated ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $147k. At year end it held assets of $96k against liabilities of $147k, net assets of -$51k. It reported 3 employees.