Ballet Co-Laboratory

Analysis

Ballet Co-Laboratory is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2019, 7 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 Co-Laboratory reported income of $657k and spending of $738k, spending 112% of what it took in. Across the 5 years on record, from December 2018 to June 2023, income grew from $214k to $657k (+207%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 111% 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 Co-Laboratory sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Gettysburg Battlefield Preservation Association Inc ($657k), Heartbeat Opera Ltd ($658k) and Easton Childrens Museum Inc ($657k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $125k (17% of expenses). Other salaries and wages came to $301k. At year end it held assets of $118k against liabilities of $359k, net assets of -$241k. It reported 16 employees.