North Atlantic Ballet Theatre

Analysis

North Atlantic Ballet Theatre is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in June 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, North Atlantic Ballet Theatre reported income of $123k and spending of $182k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $123k (-11%), an average of -11% a year. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Atlantic Ballet Theatre sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Association of Earth Science Clubs of Greater Kansas City Inc 1000 Po ($123k), Ride for the Brand Ranch Rodeo ($123k) and Shannon Air Museum ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $41k against liabilities of $49k, net assets of -$7,994.