Ballet Theatre of Carmel Academy

Analysis

Ballet Theatre of Carmel Academy is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 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 June 2023, Ballet Theatre of Carmel Academy reported income of $191k and spending of $211k, spending 110% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $169k to $191k (+13%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 100% 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 Theatre of Carmel Academy sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Seattle Swing Dance Club ($191k), Baltimore Theatre Project ($191k) and Native American Cultural Center ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $12k (5.7% of expenses). Other salaries and wages came to $134k. At year end it held assets of $27k against liabilities of $0, net assets of $27k.