Ballet Tech Foundation Inc
Ballet Tech Foundation Inc shows consistent asset growth and zero reported officer compensation over multiple years.
EIN: 132773475 · New York, NY · NTEE: A630 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $4.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $33 |
| Net Assets | $32.5M |
| Transparency Score | 90/100 |
Is Ballet Tech Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ballet Tech Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ballet Tech Foundation Inc
Ballet Tech Foundation Inc (EIN: 132773475) is a nonprofit organization based in New York, NY, classified under NTEE code A630. The organization reported total revenue of $7.6M and total assets of $33.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballet Tech Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballet Tech Foundation Inc is a mid-size nonprofit that has been operating for 52 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $33.1M |
| Total Liabilities | $601K |
| Net Assets | $32.5M |
| Operating Margin | 22.0% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 83.7 months |
Financial Health Grade: A
In 2023, Ballet Tech Foundation Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 83.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Ballet Tech Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +10.3% | +5.4% |
| 2022 | +16.2% | +22.7% | +4.5% |
| 2021 | -24.3% | -8.8% | +3.6% |
| 2020 | +76.1% | +6.6% | +19.2% |
| 2018 | +8.1% | +5.5% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Tech Foundation Inc with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ballet Tech Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $33 million. This suggests either that executive roles are entirely volunteer-based, compensated through a related entity not reflected in these filings, or that compensation is structured in a way that falls outside the 'officer compensation' category reported on the 990.
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 Tech Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual leadership compensation structures.
Strengths
The following positive indicators were identified for Ballet Tech Foundation Inc:
- Consistent asset growth, increasing from $29,063,373 in 2020 to $33,131,011 in 2023.
- Revenue consistently exceeding expenses in recent years (e.g., 2023 revenue $6,093,647 vs. expenses $4,752,362).
- Low liabilities relative to assets, indicating strong financial stability (e.g., 2023 assets $33,131,011 vs. liabilities $601,414).
- Strong program focus implied by the absence of reported officer compensation, suggesting resources are directed to mission.
Frequently Asked Questions about Ballet Tech Foundation Inc
Is Ballet Tech Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ballet Tech Foundation Inc (EIN: 132773475) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Ballet Tech Foundation Inc spend its money?
Ballet Tech Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ballet Tech Foundation Inc tax-deductible?
Ballet Tech Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132773475). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ballet Tech Foundation Inc CEO make?
Ballet Tech Foundation Inc's highest-compensated officer earns $33 annually. The organization reported $7.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ballet Tech Foundation Inc's spending goes to programs?
Ballet Tech Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ballet Tech Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ballet Tech Foundation Inc is above average for NTEE category A630 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ballet Tech Foundation Inc located?
Ballet Tech Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132773475. It is classified under NTEE code A630.
How many years of IRS 990 filings does Ballet Tech Foundation Inc have?
Ballet Tech Foundation Inc 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 $7.6M in total revenue.
How does Ballet Tech Foundation Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all available filings (2013-2023) is highly unusual for an organization with annual expenses exceeding $4 million. This could indicate that executive leadership is entirely volunteer, compensated by a related entity, or that compensation is categorized differently on the 990.
What is the primary source of Ballet Tech Foundation Inc's revenue?
While specific revenue sources are not detailed in the provided summary, the significant and sometimes fluctuating revenue figures (e.g., $18,708,765 in 2016 vs. $6,093,647 in 2023) suggest a mix of contributions, grants, and potentially program service revenue, with large contributions possibly influencing spikes.
Is the organization's asset growth sustainable?
Yes, the organization has shown consistent asset growth from $24,032,019 in 2017 to $33,131,011 in 2023, with liabilities remaining relatively low compared to assets. This indicates a healthy financial position and sustainable growth.
Filing History
IRS 990 filing history for Ballet Tech Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Ballet Tech Foundation Inc's revenue has grown by 135.6%, moving from $2.6M to $6.1M. Total assets increased by 150.6% over the same period, from $13.2M to $33.1M. Total functional expenses rose by 61.2%, from $2.9M to $4.8M. In its most recent filing year (2023), Ballet Tech Foundation Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $601K in liabilities against $33.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $32.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $4.8M | $33.1M | $601K | — | View 990 |
| 2022 | $5.8M | $4.3M | $31.4M | $261K | — | View 990 |
| 2021 | $4.9M | $3.5M | $30.1M | $338K | — | View 990 |
| 2020 | $6.5M | $3.8M | $29.1M | $712K | — | View 990 |
| 2018 | $3.7M | $3.6M | $24.4M | $377K | — | View 990 |
| 2017 | $3.4M | $3.4M | $24.0M | $131K | — | View 990 |
| 2016 | $18.7M | $3.3M | $24.0M | $142K | — | View 990 |
| 2015 | $2.9M | $3.2M | $16.3M | $7.8M | — | View 990 |
| 2014 | $2.6M | $3.1M | $16.4M | $7.6M | — | View 990 |
| 2013 | $7.0M | $2.9M | $17.0M | $7.8M | — | View 990 |
| 2012 | $2.5M | $2.8M | $12.9M | $7.8M | — | View 990 |
| 2011 | $2.6M | $2.9M | $13.2M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $4.8M, and assets of $33.1M (revenue +6.0% year-over-year).
- 2022: Revenue of $5.8M, expenses of $4.3M, and assets of $31.4M (revenue +16.2% year-over-year).
- 2021: Revenue of $4.9M, expenses of $3.5M, and assets of $30.1M (revenue -24.3% year-over-year).
- 2020: Revenue of $6.5M, expenses of $3.8M, and assets of $29.1M (revenue +76.1% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.6M, and assets of $24.4M (revenue +8.1% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $24.0M (revenue -81.7% year-over-year).
- 2016: Revenue of $18.7M, expenses of $3.3M, and assets of $24.0M (revenue +538.2% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.2M, and assets of $16.3M (revenue +11.5% year-over-year).
- 2014: Revenue of $2.6M, expenses of $3.1M, and assets of $16.4M (revenue -62.2% year-over-year).
- 2013: Revenue of $7.0M, expenses of $2.9M, and assets of $17.0M (revenue +174.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.8M, and assets of $12.9M (revenue -1.9% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.9M, and assets of $13.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballet Tech Foundation Inc:
Data Sources and Methodology
This transparency report for Ballet Tech Foundation 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.