New Chamber Ballet Inc

Analysis

New Chamber Ballet Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Chamber Ballet Inc reported income of $90k and spending of $109k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $90k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Chamber Ballet Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Peacepathways ($90k), KD Entertainment ($90k) and Northern New Mexico Regional Art Center ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $16k against liabilities of $1,000, net assets of $15k.