Ballet Idaho Inc

Analysis

Ballet Idaho Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in May 1975, 51 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 May 2023, Ballet Idaho Inc reported income of $3.2m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.0m to $3.2m (+60%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 115%. Over the whole period it spent 89% 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 Idaho Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include Wichita Symphony Society Inc ($3.2m), Soar Consortium Inc ($3.2m) and Falun Dafa Association of Atlanta ($3.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 42% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $105k (3.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $303k, net assets of $2.6m. It reported 82 employees.