Confluence Ballet Co

Analysis

Confluence Ballet Co is a registered charity in United States, based in Pittsburgh, PA. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Confluence Ballet Co reported income of $88k and spending of $49k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $88k (+2.7%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Confluence Ballet Co sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Pennsylvania Academy of Ballet Society Inc ($88k), Executive Council for the Job Carr Cabin Museum ($88k) and Home of Fine Arts Connection Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Other salaries and wages came to $13k. At year end it held assets of $47k against liabilities of $17k, net assets of $30k. It reported 11 employees.