Olney Childrens Ballet Theater Incorporated
EIN: 521870384 · Gaithersburg, MD · NTEE: A63Z
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $143K |
| Net Assets | $29K |
Is Olney Childrens Ballet Theater Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Olney Childrens Ballet Theater Incorporated
Olney Childrens Ballet Theater Incorporated (EIN: 521870384) is a nonprofit organization based in Gaithersburg, MD, classified under NTEE code A63Z. The organization reported total revenue of $97K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olney Childrens Ballet Theater Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olney Childrens Ballet Theater Incorporated is a micro nonprofit that has been operating for 32 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 | $97K |
| Total Expenses | $143K |
| Surplus / Deficit | $-46,909 |
| Total Assets | $96K |
| Total Liabilities | $68K |
| Net Assets | $29K |
| Operating Margin | -48.6% |
| Debt-to-Asset Ratio | 70.0% |
| Months of Reserves | 8.1 months |
Financial Health Grade: C
In 2023, Olney Childrens Ballet Theater Incorporated reported a deficit of $47K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 70.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Olney Childrens Ballet Theater Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | — | -25.0% |
| 2021 | -94.2% | -100.0% | -6.9% |
| 2020 | +10.2% | +6.0% | +79.1% |
| 2019 | +0.1% | -6.8% | +251.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Olney Childrens Ballet Theater Incorporated 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 Olney Childrens Ballet Theater Incorporated 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 $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.0%.
Frequently Asked Questions about Olney Childrens Ballet Theater Incorporated
Is Olney Childrens Ballet Theater Incorporated a legitimate charity?
Olney Childrens Ballet Theater Incorporated (EIN: 521870384) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $97K. No red flags identified. Financial health grade: C.
How does Olney Childrens Ballet Theater Incorporated spend its money?
Olney Childrens Ballet Theater Incorporated reported $97K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Olney Childrens Ballet Theater Incorporated tax-deductible?
Olney Childrens Ballet Theater Incorporated is registered as a tax-exempt nonprofit (EIN: 521870384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Olney Childrens Ballet Theater Incorporated located?
Olney Childrens Ballet Theater Incorporated is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 521870384. It is classified under NTEE code A63Z.
How many years of IRS 990 filings does Olney Childrens Ballet Theater Incorporated have?
Olney Childrens Ballet Theater Incorporated 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 $97K in total revenue.
Filing History
IRS 990 filing history for Olney Childrens Ballet Theater Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Olney Childrens Ballet Theater Incorporated's revenue has grown by 169.6%, moving from $36K to $97K. Total assets increased by 52.5% over the same period, from $63K to $96K. Total functional expenses rose by 382.2%, from $30K to $143K. In its most recent filing year (2023), Olney Childrens Ballet Theater Incorporated reported a deficit of $47K, with expenses exceeding revenue. The organization holds $68K in liabilities against $96K in assets (debt-to-asset ratio: 70.0%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $143K | $96K | $68K | — | View 990 |
| 2022 | $0 | $0 | $115K | $0 | — | View 990 |
| 2021 | $9K | $0 | $153K | $0 | — | — |
| 2020 | $158K | $141K | $165K | $100K | — | View 990 |
| 2019 | $143K | $133K | $92K | $0 | — | View 990 |
| 2018 | $143K | $142K | $26K | $26K | — | View 990 |
| 2017 | $106K | $151K | $23K | $23K | — | View 990 |
| 2016 | $164K | $142K | $33K | $21K | — | View 990 |
| 2015 | $129K | $151K | $36K | $43K | — | View 990 |
| 2014 | $241K | $173K | $62K | $47K | — | View 990 |
| 2013 | $75K | $96K | $61K | $60K | — | View 990 |
| 2012 | $170K | $177K | $64K | $43K | — | View 990 |
| 2011 | $36K | $30K | $63K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $143K, and assets of $96K.
- 2022: Revenue of $0, expenses of $0, and assets of $115K (revenue -100.0% year-over-year).
- 2021: Revenue of $9K, expenses of $0, and assets of $153K (revenue -94.2% year-over-year).
- 2020: Revenue of $158K, expenses of $141K, and assets of $165K (revenue +10.2% year-over-year).
- 2019: Revenue of $143K, expenses of $133K, and assets of $92K (revenue +0.1% year-over-year).
- 2018: Revenue of $143K, expenses of $142K, and assets of $26K (revenue +34.7% year-over-year).
- 2017: Revenue of $106K, expenses of $151K, and assets of $23K (revenue -35.1% year-over-year).
- 2016: Revenue of $164K, expenses of $142K, and assets of $33K (revenue +26.9% year-over-year).
- 2015: Revenue of $129K, expenses of $151K, and assets of $36K (revenue -46.4% year-over-year).
- 2014: Revenue of $241K, expenses of $173K, and assets of $62K (revenue +220.2% year-over-year).
- 2013: Revenue of $75K, expenses of $96K, and assets of $61K (revenue -55.7% year-over-year).
- 2012: Revenue of $170K, expenses of $177K, and assets of $64K (revenue +374.8% year-over-year).
- 2011: Revenue of $36K, expenses of $30K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olney Childrens Ballet Theater Incorporated:
Data Sources and Methodology
This transparency report for Olney Childrens Ballet Theater Incorporated 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.