Newport Contemporary Ballet
Newport Contemporary Ballet: Strong Mission, Financial Volatility
EIN: 222587551 · Newport, RI · NTEE: A620 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.8M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $277K |
| Transparency Score | 85/100 |
Is Newport Contemporary Ballet Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newport Contemporary Ballet directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newport Contemporary Ballet
Newport Contemporary Ballet (EIN: 222587551) is a nonprofit organization based in Newport, RI, classified under NTEE code A620. The organization reported total revenue of $1.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Contemporary Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Contemporary Ballet is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-542,338 |
| Total Assets | $1.3M |
| Total Liabilities | $983K |
| Net Assets | $277K |
| Operating Margin | -44.7% |
| Debt-to-Asset Ratio | 78.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: C
In 2023, Newport Contemporary Ballet reported a deficit of $542K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 78.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newport Contemporary Ballet's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.1% | +63.4% | -19.5% |
| 2022 | -54.0% | -18.5% | -9.3% |
| 2021 | +81.8% | — | +56.1% |
| 2020 | -25.7% | -100.0% | +26.0% |
| 2019 | -8.4% | +8.0% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Newport Contemporary Ballet 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: 70%
- fundraising: 15%
According to IRS 990 filings, Newport Contemporary Ballet allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $542K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be paid through other means or not reported accurately.
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 Newport Contemporary Ballet's IRS 990 filings:
- Consistent reporting of 0% compensation for key employees raises questions about the true cost of leadership and potential underreporting.
- Significant year-over-year swings in revenue (e.g., $1,884,681 in 2021 vs. $866,562 in 2022) and expenses (e.g., $1,755,982 in 2023 vs. $1,074,568 in 2022) indicate financial volatility.
- Accumulated deficits in some years suggest expenses occasionally outpace revenue, impacting long-term sustainability.
Strengths
The following positive indicators were identified for Newport Contemporary Ballet:
- The organization consistently reports a strong asset base relative to liabilities, indicating good financial health in terms of solvency.
- Despite financial fluctuations, the organization has maintained operations over several years, demonstrating resilience.
- The mission to promote contemporary ballet in Newport, RI, appears well-defined and focused.
Frequently Asked Questions about Newport Contemporary Ballet
Is Newport Contemporary Ballet a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Contemporary Ballet (EIN: 222587551) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Newport Contemporary Ballet spend its money?
Newport Contemporary Ballet directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newport Contemporary Ballet tax-deductible?
Newport Contemporary Ballet is registered as a tax-exempt nonprofit (EIN: 222587551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Newport Contemporary Ballet CEO make?
Newport Contemporary Ballet's highest-compensated officer earns $0 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Newport Contemporary Ballet's spending goes to programs?
Newport Contemporary Ballet directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Newport Contemporary Ballet compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Newport Contemporary Ballet 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 Newport Contemporary Ballet located?
Newport Contemporary Ballet is headquartered in Newport, Rhode Island and files with the IRS under EIN 222587551. It is classified under NTEE code A620.
How many years of IRS 990 filings does Newport Contemporary Ballet have?
Newport Contemporary Ballet 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 $1.2M in total revenue.
What does Newport Contemporary Ballet do?
Newport Contemporary Ballet is a nonprofit organization in the Arts, Culture & Humanities sector, located in Newport, Rhode Island. It is classified under NTEE code A620.
How much revenue does Newport Contemporary Ballet have?
Newport Contemporary Ballet reported total revenue of $1,201,809. Based on 13 IRS 990 filings on record.
What are Newport Contemporary Ballet's total assets?
Newport Contemporary Ballet holds total assets of $1,163,198 as reported in IRS 990 filings.
Where is Newport Contemporary Ballet located?
Newport Contemporary Ballet is based in Newport, Rhode Island.
What is Newport Contemporary Ballet's EIN?
Newport Contemporary Ballet's Employer Identification Number (EIN) is 222587551. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newport Contemporary Ballet?
Newport Contemporary Ballet is classified under NTEE code A620 (Arts, Culture & Humanities).
Is Newport Contemporary Ballet a registered 501(c)(3)?
Yes, Newport Contemporary Ballet is recognized as a tax-exempt organization by the IRS. EIN: 222587551.
Does Newport Contemporary Ballet file IRS Form 990?
Yes, Newport Contemporary Ballet has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Newport Contemporary Ballet's revenue in 2023?
In the 202308 filing period, Newport Contemporary Ballet reported total revenue of $1,213,644, total expenses of $1,755,982, and net assets of $1,260,357.
Is Newport Contemporary Ballet's revenue growing or declining?
Newport Contemporary Ballet's revenue is growing. Revenue went from $866,562 (202208) to $1,213,644 (202308), a +40.1% change. Based on 13 filings on record.
What is Newport Contemporary Ballet's most recent 990 filing?
The most recent IRS Form 990 filing for Newport Contemporary Ballet covers tax period 202308. It shows revenue of $1,213,644, expenses of $1,755,982, total assets of $1,260,357, and liabilities of $983,336.
How much does Newport Contemporary Ballet spend on programs vs administration?
Based on IRS 990 analysis, Newport Contemporary Ballet allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Newport Contemporary Ballet a trustworthy charity?
Based on AI analysis of IRS 990 data, Newport Contemporary Ballet appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Newport Contemporary Ballet?
The following concerns were identified: Consistent reporting of 0% compensation for key employees raises questions about the true cost of leadership and potential underreporting.. Significant year-over-year swings in revenue (e.g., $1,884,681 in 2021 vs. $866,562 in 2022) and expenses (e.g., $1,755,982 in 2023 vs. $1,074,568 in 2022) indicate financial volatility.. Accumulated deficits in some years suggest expenses occasionally outpace revenue, impacting long-term sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newport Contemporary Ballet's strengths?
Positive indicators for Newport Contemporary Ballet include: The organization consistently reports a strong asset base relative to liabilities, indicating good financial health in terms of solvency.. Despite financial fluctuations, the organization has maintained operations over several years, demonstrating resilience.. The mission to promote contemporary ballet in Newport, RI, appears well-defined and focused.. These findings are derived from AI analysis of the organization's financial filings.
How does Newport Contemporary Ballet compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be paid through other means or not reported accurately. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation for key employees, how does the organization attract and retain leadership, and what are the actual costs associated with executive functions?
The consistent reporting of $0 for key employee compensation across multiple years is highly unusual for a nonprofit of this scale. This could indicate that leadership is entirely volunteer-based, compensated through a related entity, or that compensation is being reported in a non-standard way. Without further clarification, it's difficult to assess the true cost of executive functions or the sustainability of this compensation model.
What factors contribute to the significant year-over-year volatility in revenue and expenses, and what strategies are in place to mitigate these fluctuations?
The data shows substantial swings in both revenue and expenses, which could be due to project-based funding, cyclical performance seasons, or external economic factors. For example, revenue dropped from $1,884,681 in 2021 to $866,562 in 2022. Understanding the underlying causes and the organization's strategies for financial stabilization, such as diversified funding streams or robust reserve policies, is crucial for assessing long-term viability.
Filing History
IRS 990 filing history for Newport Contemporary Ballet showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newport Contemporary Ballet's revenue has grown by 169%, moving from $451K to $1.2M. Total assets increased by 8839.3% over the same period, from $14K to $1.3M. Total functional expenses rose by 286.9%, from $454K to $1.8M. In its most recent filing year (2023), Newport Contemporary Ballet reported a deficit of $542K, with expenses exceeding revenue. The organization holds $983K in liabilities against $1.3M in assets (debt-to-asset ratio: 78.0%), resulting in net assets of $277K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.8M | $1.3M | $983K | — | View 990 |
| 2022 | $867K | $1.1M | $1.6M | $489K | — | — |
| 2021 | $1.9M | $1.3M | $1.7M | $418K | — | View 990 |
| 2020 | $1.0M | $0 | $1.1M | $343K | — | View 990 |
| 2019 | $1.4M | $1.2M | $878K | $172K | — | View 990 |
| 2018 | $1.5M | $1.1M | $729K | $232K | — | View 990 |
| 2017 | $879K | $915K | $330K | $212K | — | View 990 |
| 2016 | $880K | $672K | $273K | $119K | — | View 990 |
| 2015 | $608K | $606K | $53K | $107K | — | View 990 |
| 2014 | $581K | $563K | $32K | $89K | — | View 990 |
| 2013 | $530K | $531K | $28K | $102K | — | View 990 |
| 2012 | $502K | $541K | $23K | $97K | — | View 990 |
| 2011 | $451K | $454K | $14K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.8M, and assets of $1.3M (revenue +40.1% year-over-year).
- 2022: Revenue of $867K, expenses of $1.1M, and assets of $1.6M (revenue -54.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.3M, and assets of $1.7M (revenue +81.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $0, and assets of $1.1M (revenue -25.7% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $878K (revenue -8.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.1M, and assets of $729K (revenue +73.3% year-over-year).
- 2017: Revenue of $879K, expenses of $915K, and assets of $330K (revenue -0.1% year-over-year).
- 2016: Revenue of $880K, expenses of $672K, and assets of $273K (revenue +44.8% year-over-year).
- 2015: Revenue of $608K, expenses of $606K, and assets of $53K (revenue +4.7% year-over-year).
- 2014: Revenue of $581K, expenses of $563K, and assets of $32K (revenue +9.5% year-over-year).
- 2013: Revenue of $530K, expenses of $531K, and assets of $28K (revenue +5.6% year-over-year).
- 2012: Revenue of $502K, expenses of $541K, and assets of $23K (revenue +11.3% year-over-year).
- 2011: Revenue of $451K, expenses of $454K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Contemporary Ballet:
Data Sources and Methodology
This transparency report for Newport Contemporary Ballet 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.