Wilmington Ballet Academy Of The Dance Inc
EIN: 261861300 · Wilmington, DE · NTEE: A62
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $452K |
| Net Assets | $549K |
Is Wilmington Ballet Academy Of The Dance Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilmington Ballet Academy Of The Dance Inc
Wilmington Ballet Academy Of The Dance Inc (EIN: 261861300) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A62. The organization reported total revenue of $342K and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmington Ballet Academy Of The Dance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmington Ballet Academy Of The Dance Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $452K |
| Surplus / Deficit | $-113,084 |
| Total Assets | $672K |
| Total Liabilities | $123K |
| Net Assets | $549K |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 17.8 months |
Financial Health Grade: B
In 2023, Wilmington Ballet Academy Of The Dance Inc reported a deficit of $113K with expenses exceeding revenue, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Wilmington Ballet Academy Of The Dance Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.9% | -9.9% | -5.3% |
| 2022 | -4.0% | +74.2% | -14.2% |
| 2021 | +18.0% | -20.9% | +20.4% |
| 2020 | +2422.5% | +1310.3% | +1.8% |
| 2019 | -96.4% | -93.0% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilmington Ballet Academy Of The Dance 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 Wilmington Ballet Academy Of The Dance 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Frequently Asked Questions about Wilmington Ballet Academy Of The Dance Inc
Is Wilmington Ballet Academy Of The Dance Inc a legitimate charity?
Wilmington Ballet Academy Of The Dance Inc (EIN: 261861300) is a registered tax-exempt nonprofit based in Delaware. It has 14 years of IRS 990 filings on record. Total revenue: $342K. No red flags identified. Financial health grade: B.
How does Wilmington Ballet Academy Of The Dance Inc spend its money?
Wilmington Ballet Academy Of The Dance Inc reported $342K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wilmington Ballet Academy Of The Dance Inc tax-deductible?
Wilmington Ballet Academy Of The Dance Inc is registered as a tax-exempt nonprofit (EIN: 261861300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wilmington Ballet Academy Of The Dance Inc located?
Wilmington Ballet Academy Of The Dance Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 261861300. It is classified under NTEE code A62.
How many years of IRS 990 filings does Wilmington Ballet Academy Of The Dance Inc have?
Wilmington Ballet Academy Of The Dance Inc has 14 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 $342K in total revenue.
Filing History
IRS 990 filing history for Wilmington Ballet Academy Of The Dance Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Wilmington Ballet Academy Of The Dance Inc's revenue has grown by 711.6%, moving from $42K to $339K. Total assets decreased by 4.5% over the same period, from $704K to $672K. Total functional expenses rose by 538.4%, from $71K to $452K. In its most recent filing year (2023), Wilmington Ballet Academy Of The Dance Inc reported a deficit of $113K, with expenses exceeding revenue. The organization holds $123K in liabilities against $672K in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $549K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $452K | $672K | $123K | — | View 990 |
| 2022 | $423K | $501K | $710K | $48K | — | View 990 |
| 2021 | $440K | $288K | $828K | $87K | — | View 990 |
| 2020 | $373K | $364K | $688K | $100K | — | View 990 |
| 2019 | $15K | $26K | $676K | $97K | — | View 990 |
| 2019 | $415K | $367K | $670K | $81K | — | View 990 |
| 2018 | $386K | $438K | $642K | $60K | — | View 990 |
| 2017 | $350K | $365K | $635K | $783 | — | View 990 |
| 2016 | $303K | $298K | $653K | $3K | — | View 990 |
| 2015 | $302K | $290K | $665K | $20K | — | View 990 |
| 2014 | $246K | $262K | $675K | $43K | — | View 990 |
| 2013 | $224K | $260K | $699K | $50K | — | View 990 |
| 2012 | $196K | $203K | $696K | $11K | — | View 990 |
| 2011 | $42K | $71K | $704K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $452K, and assets of $672K (revenue -19.9% year-over-year).
- 2022: Revenue of $423K, expenses of $501K, and assets of $710K (revenue -4.0% year-over-year).
- 2021: Revenue of $440K, expenses of $288K, and assets of $828K (revenue +18.0% year-over-year).
- 2020: Revenue of $373K, expenses of $364K, and assets of $688K (revenue +2422.5% year-over-year).
- 2019: Revenue of $15K, expenses of $26K, and assets of $676K (revenue -96.4% year-over-year).
- 2019: Revenue of $415K, expenses of $367K, and assets of $670K (revenue +7.6% year-over-year).
- 2018: Revenue of $386K, expenses of $438K, and assets of $642K (revenue +10.3% year-over-year).
- 2017: Revenue of $350K, expenses of $365K, and assets of $635K (revenue +15.3% year-over-year).
- 2016: Revenue of $303K, expenses of $298K, and assets of $653K (revenue +0.3% year-over-year).
- 2015: Revenue of $302K, expenses of $290K, and assets of $665K (revenue +23.1% year-over-year).
- 2014: Revenue of $246K, expenses of $262K, and assets of $675K (revenue +9.6% year-over-year).
- 2013: Revenue of $224K, expenses of $260K, and assets of $699K (revenue +14.2% year-over-year).
- 2012: Revenue of $196K, expenses of $203K, and assets of $696K (revenue +370.3% year-over-year).
- 2011: Revenue of $42K, expenses of $71K, and assets of $704K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmington Ballet Academy Of The Dance Inc:
Data Sources and Methodology
This transparency report for Wilmington Ballet Academy Of The Dance 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.