Greensboro Ballet Inc
EIN: 566075580 · Greensboro, NC · NTEE: A62Z
| Metric | Value |
|---|---|
| Total Revenue | $363K |
| Total Expenses | $394K |
| Net Assets | $32K |
Is Greensboro Ballet Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greensboro Ballet Inc
Greensboro Ballet Inc (EIN: 566075580) is a nonprofit organization based in Greensboro, NC, classified under NTEE code A62Z. The organization reported total revenue of $363K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greensboro Ballet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greensboro Ballet Inc is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $411K |
| Total Expenses | $394K |
| Surplus / Deficit | +$17K |
| Total Assets | $37K |
| Total Liabilities | $6K |
| Net Assets | $32K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2024, Greensboro Ballet Inc reported a surplus of $17K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Greensboro Ballet Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.4% | +13.2% | +7.5% |
| 2023 | +0.0% | +12.3% | -35.0% |
| 2022 | +43.3% | +38.0% | +66.0% |
| 2021 | -34.1% | -31.5% | -30.3% |
| 2020 | -5.8% | -16.1% | +220.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greensboro Ballet Inc 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 Greensboro Ballet Inc 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 surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Frequently Asked Questions about Greensboro Ballet Inc
Is Greensboro Ballet Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greensboro Ballet Inc (EIN: 566075580) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greensboro Ballet Inc spend its money?
Detailed spending breakdown data is not yet available for Greensboro Ballet Inc. Check back for updated IRS 990 analysis.
Are donations to Greensboro Ballet Inc tax-deductible?
Greensboro Ballet Inc is registered as a tax-exempt nonprofit (EIN: 566075580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greensboro Ballet Inc located?
Greensboro Ballet Inc is headquartered in Greensboro, North Carolina and files with the IRS under EIN 566075580. It is classified under NTEE code A62Z.
How many years of IRS 990 filings does Greensboro Ballet Inc have?
Greensboro Ballet Inc 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 $363K in total revenue.
Filing History
IRS 990 filing history for Greensboro Ballet Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Greensboro Ballet Inc's revenue has declined by 40.5%, moving from $690K to $411K. Total assets decreased by 50% over the same period, from $75K to $37K. Total functional expenses fell by 41%, from $667K to $394K. In its most recent filing year (2024), Greensboro Ballet Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $6K in liabilities against $37K in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $32K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $411K | $394K | $37K | $6K | — | View 990 |
| 2023 | $341K | $348K | $35K | $27K | — | View 990 |
| 2022 | $341K | $309K | $53K | $39K | — | View 990 |
| 2021 | $238K | $224K | $32K | $47K | — | View 990 |
| 2020 | $361K | $327K | $46K | $75K | — | — |
| 2018 | $384K | $390K | $14K | $75K | — | — |
| 2017 | $375K | $433K | $8K | $62K | — | — |
| 2016 | $370K | $374K | $29K | $44K | — | View 990 |
| 2015 | $388K | $446K | $14K | $25K | — | View 990 |
| 2014 | $455K | $485K | $34K | $22K | — | View 990 |
| 2013 | $431K | $409K | $43K | $2K | — | View 990 |
| 2012 | $465K | $505K | $48K | $29K | — | View 990 |
| 2011 | $690K | $667K | $75K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $411K, expenses of $394K, and assets of $37K (revenue +20.4% year-over-year).
- 2023: Revenue of $341K, expenses of $348K, and assets of $35K (revenue +0.0% year-over-year).
- 2022: Revenue of $341K, expenses of $309K, and assets of $53K (revenue +43.3% year-over-year).
- 2021: Revenue of $238K, expenses of $224K, and assets of $32K (revenue -34.1% year-over-year).
- 2020: Revenue of $361K, expenses of $327K, and assets of $46K (revenue -5.8% year-over-year).
- 2018: Revenue of $384K, expenses of $390K, and assets of $14K (revenue +2.3% year-over-year).
- 2017: Revenue of $375K, expenses of $433K, and assets of $8K (revenue +1.4% year-over-year).
- 2016: Revenue of $370K, expenses of $374K, and assets of $29K (revenue -4.7% year-over-year).
- 2015: Revenue of $388K, expenses of $446K, and assets of $14K (revenue -14.7% year-over-year).
- 2014: Revenue of $455K, expenses of $485K, and assets of $34K (revenue +5.6% year-over-year).
- 2013: Revenue of $431K, expenses of $409K, and assets of $43K (revenue -7.3% year-over-year).
- 2012: Revenue of $465K, expenses of $505K, and assets of $48K (revenue -32.6% year-over-year).
- 2011: Revenue of $690K, expenses of $667K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greensboro Ballet Inc:
Data Sources and Methodology
This transparency report for Greensboro Ballet 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.