Newport Contemporary Ballet

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Newport Contemporary Ballet Form 990, Revenue, CEO Pay, and IRS Filing Signals

Newport Contemporary Ballet is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Newport Contemporary Ballet in one place.

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 →

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Request a concise report for Newport Contemporary Ballet with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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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:

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%.

IRS Tax-Exempt Classification

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

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-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.