Ballet Ariel Inc

Analysis

Ballet Ariel Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2001, 25 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 December 2023, Ballet Ariel Inc reported income of $138k and spending of $184k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $210k to $138k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 107% 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 Ariel Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Hyde Park Art Association Inc ($138k), Carmel Gallery Alliance ($138k) and Hutchinson Community Video Network ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. At year end it held assets of $34k against liabilities of $7, net assets of $34k.