Ballet Wolcott Inc

Analysis

Ballet Wolcott Inc is a registered charity in United States, based in Wolcott, VT. It received its IRS tax-exemption ruling in March 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, Ballet Wolcott Inc reported income of $87k and spending of $75k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $77k to $87k (+13%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 85% 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 Wolcott Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 25th percentile within VT. Charities of a similar size with the same main cause include Innovision Awards Organization ($87k), Music for Autism Inc ($87k) and Center for Reflection Education and Action Incorporated ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $48k against liabilities of $69, net assets of $48k.