Arts, Culture & Humanities
(A630)
IRS Verified
DX Registered
990 on File
CAROLINA BALLET INC
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Carolina Ballet's mission is to perform world-class professional ballet, entertaining and enlightening audiences in Raleigh, the Triangle region, the State of North Carolina, and beyond. It will accomplish this mission by: attracting, developing, and retaining excellent dancers and artistic personnel combined with a fiscally responsible management and board of directors; commissioning new works by innovative choreographers; presenting traditional ballets of legendary masters; educating current and future audiences through programs for school-aged children and other performance outreach activities.
Financial Overview — FY 2023
$9.7M
Total Revenue
$8.8M
Total Expenses
$3.2M
Net Assets
131
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.5%
Fundraising Efficiency
142.0%
Operating Reserve
4.36x
Liability-to-Asset
33.3%
Revenue Diversification
52.9%
Executive Compensation
$201K
Compared with Peers
FY 2023
Compared with 4,647 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.
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
|
89.5% | 77.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.8% | 14.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.7% | 5.5% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
142.0% | 251.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.4 mo | 16.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
33.3% | 10.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.9% | 74.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
27.0% | 3.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
39.2% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.3% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $9.7M | $8.8M | $3.2M | 89.5% | 131 |
| 2022 | $7.6M | $6.3M | $2.3M | 92.5% | 106 |
| 2021 | $3.3M | $3.5M | N/A | — | 104 |
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