Ballet Theatre Of Carmel Academy
EIN: 830748923 · Indianapolis, IN · NTEE: A63
| Metric | Value |
|---|---|
| Total Revenue | $294K |
| Total Expenses | $211K |
| Net Assets | $27K |
Is Ballet Theatre Of Carmel Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ballet Theatre Of Carmel Academy
Ballet Theatre Of Carmel Academy (EIN: 830748923) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A63. The organization reported total revenue of $294K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballet Theatre Of Carmel Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballet Theatre Of Carmel Academy is a small nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $211K |
| Surplus / Deficit | $-19,477 |
| Total Assets | $27K |
| Net Assets | $27K |
| Operating Margin | -10.2% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Ballet Theatre Of Carmel Academy reported a deficit of $19K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), Ballet Theatre Of Carmel Academy's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | +14.0% | -42.0% |
| 2022 | +32.8% | -2.2% | +83.8% |
| 2021 | -13.5% | +9.8% | -58.4% |
| 2020 | +92.7% | +87.4% | +548.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ballet Theatre Of Carmel Academy 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 Theatre Of Carmel Academy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about Ballet Theatre Of Carmel Academy
Is Ballet Theatre Of Carmel Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Ballet Theatre Of Carmel Academy (EIN: 830748923) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ballet Theatre Of Carmel Academy spend its money?
Detailed spending breakdown data is not yet available for Ballet Theatre Of Carmel Academy. Check back for updated IRS 990 analysis.
Are donations to Ballet Theatre Of Carmel Academy tax-deductible?
Ballet Theatre Of Carmel Academy is registered as a tax-exempt nonprofit (EIN: 830748923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ballet Theatre Of Carmel Academy located?
Ballet Theatre Of Carmel Academy is headquartered in Indianapolis, Indiana and files with the IRS under EIN 830748923. It is classified under NTEE code A63.
How many years of IRS 990 filings does Ballet Theatre Of Carmel Academy have?
Ballet Theatre Of Carmel Academy has 5 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 $294K in total revenue.
Filing History
IRS 990 filing history for Ballet Theatre Of Carmel Academy showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Ballet Theatre Of Carmel Academy's revenue has grown by 88.8%, moving from $101K to $191K. Total assets increased by 187.6% over the same period, from $9K to $27K. Total functional expenses rose by 129.2%, from $92K to $211K. In its most recent filing year (2023), Ballet Theatre Of Carmel Academy reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $211K | $27K | $0 | — | — |
| 2022 | $224K | $185K | $46K | $0 | — | View 990 |
| 2021 | $169K | $189K | $25K | $18K | — | View 990 |
| 2020 | $195K | $172K | $61K | $28K | — | View 990 |
| 2019 | $101K | $92K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $211K, and assets of $27K (revenue -14.7% year-over-year).
- 2022: Revenue of $224K, expenses of $185K, and assets of $46K (revenue +32.8% year-over-year).
- 2021: Revenue of $169K, expenses of $189K, and assets of $25K (revenue -13.5% year-over-year).
- 2020: Revenue of $195K, expenses of $172K, and assets of $61K (revenue +92.7% year-over-year).
- 2019: Revenue of $101K, expenses of $92K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballet Theatre Of Carmel Academy:
Data Sources and Methodology
This transparency report for Ballet Theatre Of Carmel Academy 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.