Ballet Hispanico Of New York
Ballet Hispanico Of New York faces recent operational deficits despite substantial assets and zero reported officer compensation.
EIN: 132685755 · New York, NY · NTEE: A620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.4M |
| Total Expenses | $9.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $19.5M |
| Transparency Score | 85/100 |
Is Ballet Hispanico Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ballet Hispanico Of New York directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ballet Hispanico Of New York
Ballet Hispanico Of New York (EIN: 132685755) is a nonprofit organization based in New York, NY, classified under NTEE code A620. The organization reported total revenue of $17.4M and total assets of $20.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballet Hispanico Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballet Hispanico Of New York is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-3,232,561 |
| Total Assets | $22.4M |
| Total Liabilities | $2.9M |
| Net Assets | $19.5M |
| Operating Margin | -48.5% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 27.2 months |
Financial Health Grade: B
In 2023, Ballet Hispanico Of New York reported a deficit of $3.2M with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ballet Hispanico Of New York's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.8% | +4.5% | -8.6% |
| 2022 | -71.8% | +101.2% | -18.8% |
| 2021 | +124.4% | -30.7% | +101.6% |
| 2020 | +21.5% | -3.2% | +17.8% |
| 2019 | +4.1% | +9.1% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Ballet Hispanico Of New York with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ballet Hispanico Of New York allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Ballet Hispanico Of New York consistently reports 0% officer compensation across all available filings, indicating that no portion of their expenses is allocated to executive salaries, which is highly unusual for an organization of its size with assets exceeding $20 million.
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 Ballet Hispanico Of New York's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $9.8M vs. revenue $6.6M)
- Unusually high fluctuation in revenue, with a sharp spike in 2021 followed by significant declines
- Consistent 0% officer compensation, which is atypical for an organization of this size and could indicate alternative compensation structures not fully transparent on the 990.
Strengths
The following positive indicators were identified for Ballet Hispanico Of New York:
- Substantial asset base ($22.4M in 2023) provides financial stability despite recent deficits.
- Consistent reporting of 0% officer compensation suggests a strong commitment to directing funds towards programmatic activities.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Ballet Hispanico Of New York
Is Ballet Hispanico Of New York a legitimate charity?
Ballet Hispanico Of New York (EIN: 132685755) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ballet Hispanico Of New York spend its money?
Ballet Hispanico Of New York directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ballet Hispanico Of New York tax-deductible?
Ballet Hispanico Of New York is registered as a tax-exempt nonprofit (EIN: 132685755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ballet Hispanico Of New York CEO make?
Ballet Hispanico Of New York's highest-compensated officer earns $20 annually. The organization reported $17.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ballet Hispanico Of New York's spending goes to programs?
Ballet Hispanico Of New York directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ballet Hispanico Of New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ballet Hispanico Of New York is above average for NTEE category A620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ballet Hispanico Of New York located?
Ballet Hispanico Of New York is headquartered in New York, New York and files with the IRS under EIN 132685755. It is classified under NTEE code A620.
How many years of IRS 990 filings does Ballet Hispanico Of New York have?
Ballet Hispanico Of New York 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 $17.4M in total revenue.
Is Ballet Hispanico Of New York a good charity?
Based on the available data, Ballet Hispanico Of New York exhibits strong indicators of mission focus due to its 0% officer compensation and substantial assets. However, recent operational deficits where expenses exceed revenue (e.g., $9.8M expenses vs. $6.6M revenue in 2023) suggest potential financial challenges that warrant further investigation into their spending efficiency and revenue diversification.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It could indicate that executive leadership is compensated through other means not categorized as 'officer compensation' on the 990, or that leadership roles are filled by volunteers, or that compensation is paid by a related entity. This warrants further inquiry for complete transparency.
What caused the significant revenue spike in 2021 and subsequent decline?
The revenue spike to over $20 million in 2021, followed by a sharp decline to $5.8 million in 2022 and $6.6 million in 2023, suggests a one-time significant grant, donation, or unusual income event in 2021. Understanding the nature of this income and the strategy for sustainable revenue generation is crucial for assessing future financial stability.
How does the organization plan to address its operational deficits?
In both 2022 and 2023, the organization's expenses significantly exceeded its revenue ($9.4M expenses vs. $5.8M revenue in 2022; $9.8M expenses vs. $6.6M revenue in 2023). This trend of operational deficits, if sustained, could erode assets over time. The organization's strategy for balancing its budget and ensuring long-term financial health is a key question.
Filing History
IRS 990 filing history for Ballet Hispanico Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ballet Hispanico Of New York's revenue has grown by 49.2%, moving from $4.5M to $6.7M. Total assets increased by 93.3% over the same period, from $11.6M to $22.4M. Total functional expenses rose by 113.3%, from $4.6M to $9.9M. In its most recent filing year (2023), Ballet Hispanico Of New York reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $22.4M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $9.9M | $22.4M | $2.9M | — | View 990 |
| 2022 | $5.8M | $9.5M | $24.5M | $2.8M | — | View 990 |
| 2021 | $20.6M | $4.7M | $30.2M | $3.0M | — | View 990 |
| 2020 | $9.2M | $6.8M | $15.0M | $3.1M | — | View 990 |
| 2019 | $7.5M | $7.0M | $12.7M | $3.2M | — | View 990 |
| 2018 | $7.2M | $6.4M | $12.4M | $3.4M | — | View 990 |
| 2017 | $7.3M | $5.9M | $12.5M | $4.4M | — | View 990 |
| 2016 | $5.3M | $5.9M | $11.4M | $4.9M | — | View 990 |
| 2015 | $5.5M | $5.3M | $12.0M | $4.9M | — | View 990 |
| 2014 | $5.3M | $5.5M | $12.1M | $5.1M | — | View 990 |
| 2013 | $4.6M | $5.1M | $12.6M | $5.5M | — | View 990 |
| 2012 | $7.5M | $4.9M | $13.4M | $5.9M | — | View 990 |
| 2011 | $4.5M | $4.6M | $11.6M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $9.9M, and assets of $22.4M (revenue +14.8% year-over-year).
- 2022: Revenue of $5.8M, expenses of $9.5M, and assets of $24.5M (revenue -71.8% year-over-year).
- 2021: Revenue of $20.6M, expenses of $4.7M, and assets of $30.2M (revenue +124.4% year-over-year).
- 2020: Revenue of $9.2M, expenses of $6.8M, and assets of $15.0M (revenue +21.5% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.0M, and assets of $12.7M (revenue +4.1% year-over-year).
- 2018: Revenue of $7.2M, expenses of $6.4M, and assets of $12.4M (revenue -1.4% year-over-year).
- 2017: Revenue of $7.3M, expenses of $5.9M, and assets of $12.5M (revenue +39.8% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.9M, and assets of $11.4M (revenue -3.8% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.3M, and assets of $12.0M (revenue +3.2% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.5M, and assets of $12.1M (revenue +16.1% year-over-year).
- 2013: Revenue of $4.6M, expenses of $5.1M, and assets of $12.6M (revenue -38.9% year-over-year).
- 2012: Revenue of $7.5M, expenses of $4.9M, and assets of $13.4M (revenue +67.2% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.6M, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballet Hispanico Of New York:
Data Sources and Methodology
This transparency report for Ballet Hispanico Of New York 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.