Atlantic City Ballet
Atlantic City Ballet: Strong Program Spending, but Declining Assets and Transparency Concerns
EIN: 222411345 · Atlantic City, NJ · Updated: 2026-04-04
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| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $312K |
| Program Spending | 80% |
| Net Assets | $-32,016 |
| Transparency Score | 75/100 |
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Atlantic City Ballet Form 990, Revenue, CEO Pay, and IRS Filing Signals
Atlantic City Ballet is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Atlantic City Ballet in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $289K and expenses of $312K.
Revenue and Expenses
Atlantic City Ballet reported $289K in revenue and $312K in expenses, a deficit of $23K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Atlantic City Ballet Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $249K (80%) |
Across stored filings, Atlantic City Ballet shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade D | 12 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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Atlantic City Ballet directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Atlantic City Ballet is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $312K |
| Surplus / Deficit | $-23,040 |
| Total Assets | $49K |
| Total Liabilities | $81K |
| Net Assets | $-32,016 |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 166.0% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2023, Atlantic City Ballet reported a deficit of $23K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 166.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Atlantic City Ballet's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +31.6% | +8.1% |
| 2022 | +75.5% | +85.1% | +74.5% |
| 2021 | -10.0% | -37.7% | +73.5% |
| 2020 | -26.3% | -24.6% | +63.1% |
| 2019 | -27.6% | -26.3% | -29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 166.0%.
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
Is Atlantic City Ballet a legitimate charity?
Atlantic City Ballet (EIN: 222411345) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $366K. 3 red flags identified. 2 strengths noted. Financial health grade: D.
How does Atlantic City Ballet spend its money?
Atlantic City Ballet directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Atlantic City Ballet tax-deductible?
Atlantic City Ballet is registered as a tax-exempt nonprofit (EIN: 222411345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atlantic City Ballet's spending goes to programs?
Atlantic City Ballet directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Atlantic City Ballet located?
Atlantic City Ballet is headquartered in Atlantic City, New Jersey and files with the IRS under EIN 222411345.
How many years of IRS 990 filings does Atlantic City Ballet have?
Atlantic City Ballet has 12 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 $366K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantic City Ballet:
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.