Arts, Culture & Humanities (A60) IRS Verified DX Registered 990 on File

INDIANA BALLET CONSERVATORY INC

EIN: 27-2928161 · CARMEL, IN 46032-5804 · United States · FY 2025 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 50/100

Effectiveness (25%) 81/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

Founded in 2010 by Artistic Director Alyona Yakovleva, the Indiana Ballet Conservatory (IBC) is a premier pre-professional ballet school dedicated to providing exceptional classical ballet training. Our mission is to cultivate the next generation of dancers and prepare them to shine on the global stage.

Financial Overview — FY 2025

$1.1M

Total Revenue

$950K

Total Expenses

$411K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 88.6%

Fundraising Efficiency N/A

Operating Reserve 5.19x

Liability-to-Asset 35.5%

Revenue Diversification 74.2%

Compared with Peers

FY 2025

Compared with 7,068 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	88.6%	81.9%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	10.6%	13.7%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.8%	0.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	5.2 mo	9.4 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	35.5%	1.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	74.2%	77.2%	P10P90	Above median
Revenue growth Year over year revenue growth	30.4%	6.7%	P10P90
Expense growth Year over year expense growth	17.3%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	16.0%	2.4%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$1.1M	$950K	$411K	88.6%	12
2024	$867K	$810K	$222K	86.1%	13
2023	$692K	$692K	$165K	85.1%	15
2022	$651K	$680K	$165K	86.8%	13
2021	$682K	$688K	N/A	—	13

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Organization Details

EIN: 27-2928161
State: IN
City: CARMEL
ZIP: 46032-5804
Classification: A60
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2010
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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