Greenwich Ballet Academy Inc

Analysis

Greenwich Ballet Academy Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greenwich Ballet Academy Inc reported income of $1.2m and spending of $894k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $859k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Ballet Academy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Ambition Angels ($1.2m), Christchurch School Foundation ($1.2m) and Epic Bible College Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $88k (9.9% of expenses). Other salaries and wages came to $322k. At year end it held assets of $1.3m against liabilities of $318k, net assets of $1.0m. It reported 12 employees.