PRINCETON BALLET SOCIETY
Mission Statement
American Repertory Ballet’s mission is to bring the joy, beauty, artistry and discipline of classical and contemporary dance to New Jersey and beyond through artistic and educational programs, presented by a financially responsible organization. This mission is realized through three distinct but unified parts: the preeminent professional classical and contemporary ballet company in the state; one of the largest non-profit dance schools in the nation, the Princeton Ballet School; and Access & Enrichment education and outreach initiatives which serve children and families in the community. The three parts of ARB work together to support the mission of the organization and annually reach over 60,000 individuals in New Jersey and beyond.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.1% | 77.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.9% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.1% | 5.4% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
44.3% | 240.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.7 mo | 16.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
86.0% | 10.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.7% | 74.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
0.9% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.7% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-10.5% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $4.6M | $5.1M | $721K | 85.1% | 133 |
| 2023 | $4.6M | $4.6M | $1.1M | 85.0% | 138 |
| 2022 | $4.7M | $4.1M | $1.2M | 84.5% | 106 |
| 2021 | $3.2M | $2.7M | N/A | — | 128 |
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