Atlantic City Ballet
Atlantic City Ballet: Strong Program Spending, but Declining Assets and Transparency Concerns
EIN: 222411345 · Atlantic City, NJ · Updated: 2026-04-04
About Atlantic City Ballet
Atlantic City Ballet (EIN: 222411345) is a nonprofit organization based in Atlantic City, NJ. The organization reported total revenue of $366K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic City Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic City Ballet with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Atlantic City Ballet allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed due to a lack of specific data in the provided filings.
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.
Red Flags
The following concerns were identified during AI analysis of Atlantic City Ballet's IRS 990 filings:
- Significant decline in net assets over the past several years, from $81,570 in 2017 to $44,474 in 2023.
- Substantial increase in liabilities, reaching $80,540 in 2023, which is nearly double their total assets.
- Lack of detailed information regarding executive compensation in the provided data.
Strengths
The following positive indicators were identified for Atlantic City Ballet:
- Consistently high percentage of expenses allocated to programs, indicating a strong focus on mission delivery.
- Revenue has shown some recovery in recent years, reaching $288,524 in 2023 after a dip in 2021.
Frequently Asked Questions about Atlantic City Ballet
What does Atlantic City Ballet do?
Atlantic City Ballet is a nonprofit organization in the Unknown sector, located in Atlantic City, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Atlantic City Ballet have?
Atlantic City Ballet reported total revenue of $365,642. Based on 12 IRS 990 filings on record.
What are Atlantic City Ballet's total assets?
Atlantic City Ballet holds total assets of $44,474 as reported in IRS 990 filings.
Where is Atlantic City Ballet located?
Atlantic City Ballet is based in Atlantic City, New Jersey.
What is Atlantic City Ballet's EIN?
Atlantic City Ballet's Employer Identification Number (EIN) is 222411345. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Atlantic City Ballet?
Atlantic City Ballet is classified under NTEE code Unknown (Unknown).
Is Atlantic City Ballet a registered 501(c)(3)?
Atlantic City Ballet appears in IRS records (EIN: 222411345). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Atlantic City Ballet file IRS Form 990?
Yes, Atlantic City Ballet has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Atlantic City Ballet's revenue in 2023?
In the 202306 filing period, Atlantic City Ballet reported total revenue of $288,524, total expenses of $311,564, and net assets of $48,524.
Is Atlantic City Ballet's revenue growing or declining?
Atlantic City Ballet's revenue is growing. Revenue went from $274,508 (202206) to $288,524 (202306), a +5.1% change. Based on 12 filings on record.
What is Atlantic City Ballet's most recent 990 filing?
The most recent IRS Form 990 filing for Atlantic City Ballet covers tax period 202306. It shows revenue of $288,524, expenses of $311,564, total assets of $48,524, and liabilities of $80,540.
How much does Atlantic City Ballet spend on programs vs administration?
Based on IRS 990 analysis, Atlantic City Ballet allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Atlantic City Ballet a trustworthy charity?
Based on AI analysis of IRS 990 data, Atlantic City Ballet appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Atlantic City Ballet?
The following concerns were identified: Significant decline in net assets over the past several years, from $81,570 in 2017 to $44,474 in 2023.. Substantial increase in liabilities, reaching $80,540 in 2023, which is nearly double their total assets.. Lack of detailed information regarding executive compensation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Atlantic City Ballet's strengths?
Positive indicators for Atlantic City Ballet include: Consistently high percentage of expenses allocated to programs, indicating a strong focus on mission delivery.. Revenue has shown some recovery in recent years, reaching $288,524 in 2023 after a dip in 2021.. These findings are derived from AI analysis of the organization's financial filings.
How does Atlantic City Ballet compensate executives?
Executive compensation cannot be assessed due to a lack of specific data in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the significant increase in liabilities and the corresponding decrease in net assets for Atlantic City Ballet?
The provided data shows a consistent trend of liabilities increasing (e.g., from $8,157 in 2017 to $80,540 in 2023) while assets have not kept pace, leading to a decline in net assets. Further investigation into the nature of these liabilities (e.g., loans, deferred revenue) and the organization's financial management strategies would be necessary to understand the underlying causes.
Filing History
IRS 990 filing history for Atlantic City Ballet showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Atlantic City Ballet's revenue has grown by 117.4%, moving from $133K to $289K. Total assets increased by 286.6% over the same period, from $13K to $49K. Total functional expenses rose by 154.1%, from $123K to $312K. In its most recent filing year (2023), Atlantic City Ballet reported a deficit of $23K, with expenses exceeding revenue. The organization holds $81K in liabilities against $49K in assets (debt-to-asset ratio: 166.0%), resulting in net assets of $-32,016.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $289K | $312K | $49K | $81K | — | View 990 |
| 2022 | $275K | $237K | $45K | $54K | — | View 990 |
| 2021 | $156K | $128K | $26K | $135K | — | View 990 |
| 2020 | $174K | $205K | $15K | $119K | — | View 990 |
| 2019 | $236K | $272K | $9K | $82K | — | View 990 |
| 2018 | $325K | $369K | $13K | $50K | — | — |
| 2017 | $320K | $293K | $15K | $8K | — | View 990 |
| 2016 | $250K | $245K | $13K | $34K | — | View 990 |
| 2015 | $216K | $253K | $28K | $56K | — | View 990 |
| 2014 | $256K | $238K | $31K | $23K | — | View 990 |
| 2013 | $176K | $162K | $10K | $23K | — | View 990 |
| 2012 | $133K | $123K | $13K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $289K, expenses of $312K, and assets of $49K (revenue +5.1% year-over-year).
- 2022: Revenue of $275K, expenses of $237K, and assets of $45K (revenue +75.5% year-over-year).
- 2021: Revenue of $156K, expenses of $128K, and assets of $26K (revenue -10.0% year-over-year).
- 2020: Revenue of $174K, expenses of $205K, and assets of $15K (revenue -26.3% year-over-year).
- 2019: Revenue of $236K, expenses of $272K, and assets of $9K (revenue -27.6% year-over-year).
- 2018: Revenue of $325K, expenses of $369K, and assets of $13K (revenue +1.8% year-over-year).
- 2017: Revenue of $320K, expenses of $293K, and assets of $15K (revenue +28.0% year-over-year).
- 2016: Revenue of $250K, expenses of $245K, and assets of $13K (revenue +15.9% year-over-year).
- 2015: Revenue of $216K, expenses of $253K, and assets of $28K (revenue -15.8% year-over-year).
- 2014: Revenue of $256K, expenses of $238K, and assets of $31K (revenue +45.5% year-over-year).
- 2013: Revenue of $176K, expenses of $162K, and assets of $10K (revenue +32.7% year-over-year).
- 2012: Revenue of $133K, expenses of $123K, and assets of $13K.
Data Sources and Methodology
This transparency report for Atlantic City Ballet 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.