New England Ballet Theatre of Connecticut Inc

Analysis

New England Ballet Theatre of Connecticut Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in August 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, New England Ballet Theatre of Connecticut Inc reported income of $157k and spending of $188k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $157k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Ballet Theatre of Connecticut Inc 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 46th percentile within CT. Charities of a similar size with the same main cause include Museum of East Alabama ($157k), Konkani Cultural Conference Inc ($157k) and Ballet Illinois NFP ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $19k against liabilities of $48k, net assets of -$29k.