Ballet Illinois NFP

Analysis

Ballet Illinois NFP is a registered charity in United States, based in Lake Villa, IL. It received its IRS tax-exemption ruling in July 2021, 5 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 Illinois NFP reported income of $157k and spending of $149k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $157k (+9.4%), an average of +9.4% a year. Over the whole period it spent 94% 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 Illinois NFP sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Youth Orchestra Association of Greater Columbus Inc ($157k), Museum of East Alabama ($157k) and Iowa Barn Foundation ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.