Boston Ballet Inc: $43.1M Revenue, $43.8M Expenses
Boston, Massachusetts · EIN 042312734 · Filing year 2024
Boston Ballet Inc reported $43.1M in total revenue, $43.8M in total expenses, and $91.2M in total assets on its 2024 IRS Form 990. Total compensation for current officers and key employees was $1.4M (3.27% of revenue). NonprofitTruth efficiency grade: B (68/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2024.
Key Facts (2024 Form 990)
- Total Revenue
- $43.1M
- Total Expenses
- $43.8M
- Total Assets
- $91.2M
- Reserve Months
- 25.0 months
- Surplus / (Deficit)
- $-664,917
- EIN
- 042312734
- Latest 990 Year
- 2024
- Current-Officer Compensation
- $1.4M
- Officer Comp % of Revenue
- 3.27%
The efficiency rubric puts Boston Ballet Inc at a B grade: a composite of 68/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.
Boston Ballet Inc reported $43.1M in 2024 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Financial health is a strength: Boston Ballet Inc carries a healthy operating-reserve cushion against $43.8M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. Compensation for current officers and key employees runs $1.4M against $43.1M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Boston Ballet Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Boston Ballet Inc Compares
Boston Ballet Inc earns a NonprofitTruth efficiency grade of B (68/100). That is 12 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 3.27% of total revenue. The organization holds 25.0 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Boston Ballet Inc reported $43.1M in revenue against $43.8M in total functional expenses for filing year 2024, holding roughly 25.0 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $1.4M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 3.27% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Boston Ballet Inc has a NonprofitTruth Efficiency Score of B (68/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Boston Ballet Inc, Donor FAQ
Boston Ballet Inc has a NonprofitTruth Efficiency Score of B (68/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Boston Ballet Inc reports $1.4M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 3.27% of the organization's $43.1M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Boston Ballet Inc reported $43.1M in annual revenue and $43.8M in total expenses for filing year 2024. The organization holds $91.2M in total assets.
Boston Ballet Inc holds approximately 25.0 months of operating reserves (total assets relative to annual expenses) based on its 2024 IRS Form 990, one input into its B efficiency grade.
Boston Ballet Inc is a registered 501(c) organization with EIN 042312734, based in Boston, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.