Ashland Youth Ballet Inc
Ashland Youth Ballet Inc maintains stable assets and no officer compensation amidst fluctuating revenues.
EIN: 202764337 · Ashland, KY · NTEE: A63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $131K |
| Total Expenses | $74K |
| Program Spending | 90% |
| Net Assets | $152K |
| Transparency Score | 92/100 |
Is Ashland Youth Ballet Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ashland Youth Ballet Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ashland Youth Ballet Inc
Ashland Youth Ballet Inc (EIN: 202764337) is a nonprofit organization based in Ashland, KY, classified under NTEE code A63. The organization reported total revenue of $131K and total assets of $313K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashland Youth Ballet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashland Youth Ballet Inc is a small nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $74K |
| Surplus / Deficit | +$1K |
| Total Assets | $308K |
| Total Liabilities | $156K |
| Net Assets | $152K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 50.5% |
| Months of Reserves | 50.2 months |
Financial Health Grade: A
In 2023, Ashland Youth Ballet Inc reported a surplus of $1K with revenue exceeding expenses, holds 50.2 months of operating reserves (strong position), has a debt-to-asset ratio of 50.5% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Ashland Youth Ballet Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.3% | -28.2% | -4.3% |
| 2022 | +69.4% | +36.2% | +5.7% |
| 2021 | +17.4% | +13.9% | -4.4% |
| 2020 | -3.0% | +55.5% | -3.8% |
| 2019 | +22.5% | -16.2% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ashland Youth Ballet Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ashland Youth Ballet Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based, which allows a greater proportion of funds to be directed towards its programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Ashland Youth Ballet Inc:
- Consistent asset base over $300,000, demonstrating financial resilience.
- Zero officer compensation, indicating a strong commitment to directing funds to mission.
- Decreasing liabilities over time, improving the organization's financial health.
- Consistent surplus of revenue over expenses in most years, showing efficient financial management.
- Regular IRS 990 filings, indicating good transparency.
Frequently Asked Questions about Ashland Youth Ballet Inc
Is Ashland Youth Ballet Inc a legitimate charity?
Ashland Youth Ballet Inc (EIN: 202764337) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 6 years of IRS 990 filings on record. Total revenue: $131K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Ashland Youth Ballet Inc spend its money?
Ashland Youth Ballet Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Ashland Youth Ballet Inc tax-deductible?
Ashland Youth Ballet Inc is registered as a tax-exempt nonprofit (EIN: 202764337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ashland Youth Ballet Inc's spending goes to programs?
Ashland Youth Ballet Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ashland Youth Ballet Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ashland Youth Ballet Inc is above average for NTEE category A63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ashland Youth Ballet Inc located?
Ashland Youth Ballet Inc is headquartered in Ashland, Kentucky and files with the IRS under EIN 202764337. It is classified under NTEE code A63.
How many years of IRS 990 filings does Ashland Youth Ballet Inc have?
Ashland Youth Ballet Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $131K in total revenue.
Is Ashland Youth Ballet Inc financially stable?
Yes, Ashland Youth Ballet Inc demonstrates financial stability with consistent assets over $300,000 and a decreasing trend in liabilities, from $225,988 in 2018 to $155,714 in 2023.
How efficiently does Ashland Youth Ballet Inc use its funds?
The organization appears efficient, consistently operating with a surplus of revenue over expenses in most years, such as a $31,931 surplus in 2022 ($134,655 revenue vs. $102,724 expenses), and no reported officer compensation, suggesting a high percentage of funds go to programs.
Does Ashland Youth Ballet Inc compensate its executives?
No, Ashland Youth Ballet Inc reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership is likely volunteer-based.
What is the trend in Ashland Youth Ballet Inc's liabilities?
The organization's liabilities have shown a positive decreasing trend, from $225,988 in 2018 to $155,714 in 2023, indicating improved financial health.
Filing History
IRS 990 filing history for Ashland Youth Ballet Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Ashland Youth Ballet Inc's revenue has grown by 31.5%, moving from $57K to $75K. Total assets decreased by 13.9% over the same period, from $358K to $308K. Total functional expenses rose by 45.1%, from $51K to $74K. In its most recent filing year (2023), Ashland Youth Ballet Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $156K in liabilities against $308K in assets (debt-to-asset ratio: 50.5%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $74K | $308K | $156K | — | — |
| 2022 | $135K | $103K | $322K | $171K | — | View 990 |
| 2021 | $79K | $75K | $305K | $185K | — | View 990 |
| 2020 | $68K | $66K | $319K | $199K | — | View 990 |
| 2019 | $70K | $43K | $331K | $213K | — | View 990 |
| 2018 | $57K | $51K | $358K | $226K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $74K, and assets of $308K (revenue -44.3% year-over-year).
- 2022: Revenue of $135K, expenses of $103K, and assets of $322K (revenue +69.4% year-over-year).
- 2021: Revenue of $79K, expenses of $75K, and assets of $305K (revenue +17.4% year-over-year).
- 2020: Revenue of $68K, expenses of $66K, and assets of $319K (revenue -3.0% year-over-year).
- 2019: Revenue of $70K, expenses of $43K, and assets of $331K (revenue +22.5% year-over-year).
- 2018: Revenue of $57K, expenses of $51K, and assets of $358K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashland Youth Ballet Inc:
Data Sources and Methodology
This transparency report for Ashland Youth Ballet Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.