Portland School Of Ballet
Portland School Of Ballet consistently operates near break-even with no reported officer compensation.
EIN: 10372997 · Portland, ME · NTEE: A6E0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $629K |
| Total Expenses | $559K |
| Program Spending | 90% |
| Net Assets | $175K |
| Transparency Score | 92/100 |
Is Portland School Of Ballet Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland School Of Ballet directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland School Of Ballet
Portland School Of Ballet (EIN: 10372997) is a nonprofit organization based in Portland, ME, classified under NTEE code A6E0. The organization reported total revenue of $629K and total assets of $170K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland School Of Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland School Of Ballet is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $579K |
| Total Expenses | $559K |
| Surplus / Deficit | +$20K |
| Total Assets | $175K |
| Total Liabilities | $307 |
| Net Assets | $175K |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Portland School Of Ballet reported a surplus of $20K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Portland School Of Ballet's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +20.5% | -6.1% |
| 2022 | +25.1% | +2.0% | -21.3% |
| 2021 | +0.0% | +0.0% | -2.9% |
| 2020 | -10.1% | -7.5% | +5.7% |
| 2019 | -18.5% | -8.7% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Portland School Of Ballet with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Portland School Of Ballet allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or compensation through other means not reported on the 990.
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 Portland School Of Ballet's IRS 990 filings:
- No reported officer compensation (could indicate volunteer leadership or compensation through related entities not captured on 990, warranting further inquiry)
Strengths
The following positive indicators were identified for Portland School Of Ballet:
- Consistent operational surpluses in recent years (e.g., 2023, 2022)
- Zero reported officer compensation across all filings, indicating high potential for program spending
- Long history of IRS 990 filings demonstrating transparency
- Relatively low liabilities compared to assets in most periods
- Stable revenue generation over time
Frequently Asked Questions about Portland School Of Ballet
Is Portland School Of Ballet a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland School Of Ballet (EIN: 10372997) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Portland School Of Ballet spend its money?
Portland School Of Ballet directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland School Of Ballet tax-deductible?
Portland School Of Ballet is registered as a tax-exempt nonprofit (EIN: 10372997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland School Of Ballet's spending goes to programs?
Portland School Of Ballet directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland School Of Ballet compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Portland School Of Ballet is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland School Of Ballet located?
Portland School Of Ballet is headquartered in Portland, Maine and files with the IRS under EIN 10372997. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Portland School Of Ballet have?
Portland School Of 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 $629K in total revenue.
Is Portland School Of Ballet financially stable?
Yes, the organization appears financially stable, consistently generating revenues that cover expenses in most recent years (e.g., $579,343 revenue vs. $559,392 expenses in 2023) and maintaining positive assets.
How efficient is Portland School Of Ballet's spending?
Spending efficiency appears very high, primarily due to the consistent reporting of 0% officer compensation across all available filings, suggesting a significant portion of funds are directed towards programs.
Does Portland School Of Ballet have high overhead costs?
Based on the absence of officer compensation and generally stable financial performance, it is unlikely that Portland School Of Ballet has high overhead costs, though a detailed functional expense breakdown would provide more clarity.
What is the trend in Portland School Of Ballet's assets?
Assets have fluctuated over the years, peaking around $286,216 in 2014 and showing a recent slight decline from $237,317 in 2021 to $175,364 in 2023, but remain positive.
Filing History
IRS 990 filing history for Portland School Of Ballet showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland School Of Ballet's revenue has grown by 45.3%, moving from $399K to $579K. Total assets increased by 51.7% over the same period, from $116K to $175K. Total functional expenses rose by 51.2%, from $370K to $559K. In its most recent filing year (2023), Portland School Of Ballet reported a surplus of $20K, with revenue exceeding expenses. The organization holds $307 in liabilities against $175K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $579K | $559K | $175K | $307 | — | View 990 |
| 2022 | $547K | $464K | $187K | $32K | — | View 990 |
| 2021 | $438K | $455K | $237K | $64K | — | View 990 |
| 2020 | $438K | $455K | $244K | $64K | — | View 990 |
| 2019 | $487K | $492K | $231K | $34K | — | View 990 |
| 2018 | $597K | $538K | $247K | $45K | — | View 990 |
| 2017 | $522K | $541K | $186K | $38K | — | View 990 |
| 2016 | $597K | $635K | $206K | $40K | — | View 990 |
| 2015 | $424K | $499K | $210K | $6K | — | View 990 |
| 2014 | $531K | $405K | $286K | $7K | — | View 990 |
| 2013 | $442K | $402K | $161K | $7K | — | View 990 |
| 2012 | $415K | $397K | $127K | $15K | — | View 990 |
| 2011 | $399K | $370K | $116K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $579K, expenses of $559K, and assets of $175K (revenue +5.8% year-over-year).
- 2022: Revenue of $547K, expenses of $464K, and assets of $187K (revenue +25.1% year-over-year).
- 2021: Revenue of $438K, expenses of $455K, and assets of $237K (revenue +0.0% year-over-year).
- 2020: Revenue of $438K, expenses of $455K, and assets of $244K (revenue -10.1% year-over-year).
- 2019: Revenue of $487K, expenses of $492K, and assets of $231K (revenue -18.5% year-over-year).
- 2018: Revenue of $597K, expenses of $538K, and assets of $247K (revenue +14.4% year-over-year).
- 2017: Revenue of $522K, expenses of $541K, and assets of $186K (revenue -12.6% year-over-year).
- 2016: Revenue of $597K, expenses of $635K, and assets of $206K (revenue +41.0% year-over-year).
- 2015: Revenue of $424K, expenses of $499K, and assets of $210K (revenue -20.2% year-over-year).
- 2014: Revenue of $531K, expenses of $405K, and assets of $286K (revenue +20.0% year-over-year).
- 2013: Revenue of $442K, expenses of $402K, and assets of $161K (revenue +6.6% year-over-year).
- 2012: Revenue of $415K, expenses of $397K, and assets of $127K (revenue +4.0% year-over-year).
- 2011: Revenue of $399K, expenses of $370K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland School Of Ballet:
Data Sources and Methodology
This transparency report for Portland School Of 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.