New York City Ballet Inc is a 501(c)(3) organization based in New York, New York, registered in 1978, with $89,278,084 in FY2023 revenue. CharityIndex grades it B+, and it directs about 86% of spending to programs.
Revenue (FY2023)
$89.3M
▲ 15.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$103.0M
Net assets
$306.0M
Employees
1,414
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New York City Ballet Inc: 86% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New York City Ballet Inc: 36 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New York City Ballet Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New York City Ballet Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Perform, promote and sustain classical ballet.
The company had its annual summer residency at the saratoga performing arts center from july 16 to july 21, 2019. due to covid-19, the companys other planned touring engagements had to be cancelled.
During the 2019-20 season, new york city ballet (nycb) reached approximately 25,000 students, families, young people, and adults with education and public programs both in-person and virtually. nycb conducted three distinct multi-workshop residency programs in predominantly title i nyc public schools for approximately 5,800 students from first through fifth grades, with an emphasis on creative expression, student dancemaking, and literacy. nycb teaching artists in collaboration with classroom teachers introduce students to ballets by george balanchine, jerome robbins, and contemporary choreographers, and engage students with themes in the choreography and music, focusing on dancemaking through collaborative creative writing and movement. a key component of each residency is students attendance at a matinee performance especially for them. company dancers and musicians perform full-length performances in costume on the companys stage accompanied by new york city ballets orchestra; for many students, it is their first time attending a professional performance. in spring 2020, the nyc department of education closed public schools for the remainder of the school year. as a result, nycb worked with its teaching artists to offer the remaining workshops virtually so that students could complete the programs at home. public programs in 2019-20 included family saturdays, an onstage presentation that introduces children and their families to nycb and its repertory, featuring short works performed by company dancers who are accompanied by nycb musicians. the family-5 program offers $5 discounted tickets to social service organizations, veterans groups, special needs organizations, organizations for the deaf and hard of hearing communities, and nyc council members for their constituents. all family saturdays offer priority seating for those who are deaf or hard of hearing in addition to an american sign language interpreter. the 2019-20 season offered two family saturdays programs which were attended by approximately 3,000 people. a total of 275 discount tickets were purchased through the family-5 program. nycb also offered movement workshops throughout the season for children and adults led by nycb teaching artists and company dancers which introduce participants to basic ballet vocabulary, movement combinations, and short excerpts that coincide with the current repertory being performed. the company also offered theater tours for children and young adults as well as two one-hour onstage presentations that explore the history and inner workings of nycb through performance and discussion. approximately 8,000 people participated in one of nycbs public programs in 2019-20. for the first time, in spring 2020, nycb offered online workshops for children and adults, all of which were free to participants. ballet breaks, for children ages 3 to 8, offered saturday morning movement workshops led by nycb dancers via zoom. over the course of 12 workshops nycb reached approximately 4,500 households from across the united states, spain, south africa, india, cyprus, russia, tanzania, and several other countries across the world. ballet essentials online offered movement workshops led by nycb dancers for young adults and adults via zoom. over the course of 11 workshops, nycb reached approximately 4,000 people from across the united states, switzerland, singapore, japan, israel, mexico, australia, brazil, as well as several other countries. nycbs access programs offered a variety of free programming for people with physical and cognitive disabilities. programs included movement workshops led by nycb dancers and teaching artists in the companys rehearsal studios, artist visits to medical and educational facilities, and attendance at performances at the koch t
Revenue grew from $82.5M (FY2013) to $89.3M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-15.3%
Spent more than it raised in the latest fiscal year.
Total assets
$329.2M
Total liabilities
$23.2M
Net assets
$306.0M
Salaries & benefits
$73.5M
71% of expenses
Board members
41
41 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $89,278,084▲15.3% | $102,982,060▲9.2% | $306,011,010▲4.7% | $329,210,208▲4.0% | 990 |
| 2022 | $77,420,949▼9.6% | $94,274,646▲9.5% | $292,356,072▲2.3% | $316,686,714▲1.2% | 990 |
| 2021 | $85,606,399▲144% | $86,114,814▲112% | $285,687,762▼12.3% | $312,989,092▼11.1% | 990 |
| 2020 | $35,122,869▼47.9% | $40,566,455▼51.4% | $325,850,676▲17.9% | $352,054,118▲16.9% | 990 |
| 2019 | $67,478,078▼26.0% | $83,492,749▼9.0% | $276,479,891▼6.4% | $301,270,656▼7.4% | 990 |
| 2018 | $91,173,379▼8.7% | $91,775,751▲2.8% | $295,346,786▼3.0% | $325,423,316▼2.2% | 990 |
| 2017 | $99,834,801▲18.1% | $89,305,149▲6.4% | $304,492,265▲43.1% | $332,646,952▲36.6% | 990 |
| 2016 | $84,565,088▼1.9% | $83,941,953▲3.1% | $212,852,971▲11.4% | $243,466,428▲8.2% | 990 |
| 2015 | $86,214,641▼18.2% | $81,391,283▲2.8% | $191,069,963▼9.3% | $225,118,006▼7.7% | 990 |
| 2014 | $105,353,490▲27.7% | $79,162,587▲19.1% | $210,614,393▲4.1% | $243,781,323▲7.6% | 990 |
| 2013 | $82,516,978 | $66,481,713▲7.9% | $202,263,704▲21.4% | $226,549,349▲20.7% | 990 |
| 2012 | — | $61,611,189▼7.0% | $166,659,165▲9.4% | $187,756,886▲8.3% | 990 |
| 2011 | — | $66,244,814▲15.6% | $152,293,451▼10.2% | $173,352,276▼7.4% | 990 |
| 2010 | — | $57,307,471▼6.7% | $169,532,480▲7.8% | $187,300,954▲6.8% | 990 |
| 2009 | — | $61,429,513 | $157,242,604 | $175,449,717 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Katherine Brown — $745,858 (0.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Katherine Brown | Executive Director | 40 | $745,858 |
| Jonathan M Stafford | Artistic Director | 40 | $472,872 |
| Wendy M Whelan | Associate Artistic Dir | 40 | $440,798 |
| Andrew Litton | Music Director | 40 | $416,808 |
| Brooks Parsons | Sr. Director of Operations | 40 | $382,956 |
| Farang Azari | Chief Financial Officer | 40 | $381,213 |
| Justin Peck | Artistic Advisor/choreographer | 40 | $378,409 |
| Karen Girty | Sr. Dir. Marketing and Media | 40 | $325,280 |
| Matthew B Bird | Sr. Director of Development | 40 | $298,643 |
| Andrews Sill | Associate Music Director | 40 | $283,093 |
| Phillip Schmiedl | Theater Managing Director | 40 | $270,057 |
| Alair A Townsend | Director | 2 | — |
| Alan Schnitzer | Vice-chair | 3 | — |
| Alison Mass | Director | 2 | — |
| Allyson Tang | Director | 2 | — |
| Barbara J Slifka | Vice-chair | 3 | — |
| Barbara R Evans | Director (thru 6/30/2024) | 2 | — |
| Barry S Friedberg | Director | 2 | — |
| Bonnie Strauss | Director (thru 6/30/2024) | 2 | — |
| Brynn Putnam | Director | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Proskauer Rose LLP | Legal | $534,140 |
| Elevation Health | Consulting | $398,900 |
| The George Balanchine Trust | Royalties | $383,172 |
| The Robbins Rights Trust | Royalties | $346,467 |
| Stealth Security | Security | $306,456 |
152 grants to New York City Ballet Inc totaling $16.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $387,870 |
| The New York Community Trust | For general support. | 2024 | $89,570 |
| Foundation For the Carolinas | Charitable gift | 2024 | $70,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,000 |
| Ayco Charitable Foundation | Arts and culture | 2024 | $39,000 |
| American Online Giving Foundation Inc | General support | 2024 | $24,453 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $21,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $19,612 |
| American Endowment Foundation | Arts, culture | 2024 | $19,250 |
| Greater Hartford Gives Foundation | General operating support | 2024 | $10,000 |
| Fjc | General operating support | 2024 | $7,500 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,415 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $878,980 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $544,345 |
| National Philanthropic Tr | Culture & arts | 2023 | $381,000 |
1 grant totaling $6,333 in FY2019. All grants made by New York City Ballet Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ballet Theatre Foundation Inc | New choreography | $6,333 |
Explore more
Data for New York City Ballet Inc (EIN 13-2947386) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.