Anchorage Classical Ballet Academy

Analysis

Anchorage Classical Ballet Academy is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anchorage Classical Ballet Academy reported income of $529k and spending of $534k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $332k to $529k (+59%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anchorage Classical Ballet Academy sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include Texas Association of Developing Colleges ($529k), Novation Education Opportunities ($529k) and Summerville High School Athletic Club ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $180k. At year end it held assets of $186k against liabilities of $82k, net assets of $104k.