Cincinnati Ballet Holdings Inc

Analysis

Cincinnati Ballet Holdings Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Cincinnati Ballet Holdings Inc reported income of $480k and spending of $1.6m, spending 326% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $2,520 to $480k (+18946%), an average of +475% a year. The sharpest change came in the year to July 2021, when income rose by 3333%. Over the whole period it spent 327% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Ballet Holdings Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Tyler County Heritage Society Inc ($480k), Ipswich Local News Inc ($480k) and Springs Stewardship Institute ($480k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $29.8m against liabilities of $19.0m, net assets of $10.8m.