City Ballet of Boston Inc

Analysis

City Ballet of Boston Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in October 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 2023, City Ballet of Boston Inc reported income of $715k and spending of $976k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $574k to $715k (+25%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 328%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Ballet of Boston Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include The Community Outreach Coalition ($715k), Kings Majestic Corporation ($715k) and Wayne Center for the Arts ($715k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $75k (7.7% of expenses). Other salaries and wages came to $52k. At year end it held assets of $64k against liabilities of $120k, net assets of -$56k. It reported 8 employees.