Ballet Chelsea
EIN: 383260579 · Chelsea, MI · NTEE: A63Z
| Metric | Value |
|---|---|
| Total Revenue | $622K |
| Total Expenses | $677K |
| Net Assets | $358K |
Is Ballet Chelsea Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ballet Chelsea
Ballet Chelsea (EIN: 383260579) is a nonprofit organization based in Chelsea, MI, classified under NTEE code A63Z. The organization reported total revenue of $622K and total assets of $347K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballet Chelsea's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballet Chelsea is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $606K |
| Total Expenses | $677K |
| Surplus / Deficit | $-71,033 |
| Total Assets | $358K |
| Net Assets | $358K |
| Operating Margin | -11.7% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2024, Ballet Chelsea reported a deficit of $71K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Ballet Chelsea's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.3% | +16.9% | -19.7% |
| 2023 | +33.6% | +10.1% | +7.1% |
| 2022 | +16.7% | +29.5% | -18.0% |
| 2021 | -23.6% | -26.4% | +52.5% |
| 2020 | -10.1% | +6.5% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ballet Chelsea has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ballet Chelsea with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
Frequently Asked Questions about Ballet Chelsea
Is Ballet Chelsea a legitimate charity?
Based on AI analysis of IRS 990 filings, Ballet Chelsea (EIN: 383260579) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ballet Chelsea spend its money?
Detailed spending breakdown data is not yet available for Ballet Chelsea. Check back for updated IRS 990 analysis.
Are donations to Ballet Chelsea tax-deductible?
Ballet Chelsea is registered as a tax-exempt nonprofit (EIN: 383260579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ballet Chelsea located?
Ballet Chelsea is headquartered in Chelsea, Michigan and files with the IRS under EIN 383260579. It is classified under NTEE code A63Z.
How many years of IRS 990 filings does Ballet Chelsea have?
Ballet Chelsea has 13 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 $622K in total revenue.
Filing History
IRS 990 filing history for Ballet Chelsea showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ballet Chelsea's revenue has grown by 398.7%, moving from $122K to $606K. Total assets increased by 672.7% over the same period, from $46K to $358K. Total functional expenses rose by 429.7%, from $128K to $677K. In its most recent filing year (2024), Ballet Chelsea reported a deficit of $71K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $606K | $677K | $358K | $0 | — | — |
| 2023 | $621K | $579K | $445K | $786 | — | — |
| 2022 | $464K | $526K | $416K | $13K | — | View 990 |
| 2021 | $398K | $406K | $507K | $183K | — | — |
| 2020 | $521K | $552K | $333K | $57K | — | View 990 |
| 2019 | $580K | $518K | $310K | $4K | — | View 990 |
| 2018 | $570K | $574K | $245K | $918 | — | — |
| 2017 | $400K | $392K | $248K | $2K | — | View 990 |
| 2016 | $524K | $459K | $230K | $0 | — | View 990 |
| 2015 | $427K | $329K | $123K | $41K | — | View 990 |
| 2014 | $161K | $138K | $144K | $75K | — | View 990 |
| 2013 | $126K | $125K | $47K | $0 | — | View 990 |
| 2012 | $122K | $128K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $606K, expenses of $677K, and assets of $358K (revenue -2.3% year-over-year).
- 2023: Revenue of $621K, expenses of $579K, and assets of $445K (revenue +33.6% year-over-year).
- 2022: Revenue of $464K, expenses of $526K, and assets of $416K (revenue +16.7% year-over-year).
- 2021: Revenue of $398K, expenses of $406K, and assets of $507K (revenue -23.6% year-over-year).
- 2020: Revenue of $521K, expenses of $552K, and assets of $333K (revenue -10.1% year-over-year).
- 2019: Revenue of $580K, expenses of $518K, and assets of $310K (revenue +1.7% year-over-year).
- 2018: Revenue of $570K, expenses of $574K, and assets of $245K (revenue +42.4% year-over-year).
- 2017: Revenue of $400K, expenses of $392K, and assets of $248K (revenue -23.6% year-over-year).
- 2016: Revenue of $524K, expenses of $459K, and assets of $230K (revenue +22.8% year-over-year).
- 2015: Revenue of $427K, expenses of $329K, and assets of $123K (revenue +164.8% year-over-year).
- 2014: Revenue of $161K, expenses of $138K, and assets of $144K (revenue +28.0% year-over-year).
- 2013: Revenue of $126K, expenses of $125K, and assets of $47K (revenue +3.6% year-over-year).
- 2012: Revenue of $122K, expenses of $128K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballet Chelsea:
Data Sources and Methodology
This transparency report for Ballet Chelsea 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.