Charity Search / CAROLINA YOUTH BALLET INC
Arts, Culture & Humanities (A63) IRS Verified DX Registered 990 on File

CAROLINA YOUTH BALLET INC

EIN: 56-2273997 · CARY, NC 27518-9614 · United States · FY 2025 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 81/100
Reliability (20%) 55/100
Effectiveness (25%) 73/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The mission of the Carolina Youth Ballet (CYB) is to provide public performing opportunities for talented middle and secondary school level dancers, to educate the community about the training of young dancers and the creation and choreography of classical ballet, and the opportunity to see classical ballet in a community environment at a reasonable cost. In addition to cultivating the discipline, technique, and grace required of world-class dancers, CYB's mission focuses on developing an appreciation of ballet within the community. CYB performances provide an opportunity for our community to enjoy exceptional ballet performed by local youth at an affordable, family price. Educational studies show that participation in the arts, as a performer or an observer, enhances creative thinking and writing skills, stimulates higher level thought processes and improves listening skills. CYB is dedicated to providing students valuable performing experience and developing each dancer to their fullest artistic potential. Part of CYB's mission is to nurture and enhance the lives of our youth, establish a professional classic and contemporary youth company, and encourage new choreographers. The Company strives to work with local organizations to expand its outreach programs and to create arts awareness and training opportunities to a broader multi-cultural constituency.

Financial Overview — FY 2025
$142K
Total Revenue
$175K
Total Expenses
$118K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 92.6%
Fundraising Efficiency 7.5%
Operating Reserve 8.11x
Liability-to-Asset 0.2%
Revenue Diversification 85.3%
Compared with Peers
FY 2025
Compared with 8,038 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
92.6% 81.9%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
7.5% 27.9%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
8.1 mo 9.5 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.2% 1.5%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
85.3% 77.8%
P10P90
Below median
Revenue growth
Year over year revenue growth
4.4% 6.6%
P10P90
Expense growth
Year over year expense growth
36.2% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
-23.4% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $142K $175K $118K 92.6% —
2024 $136K $128K $151K 92.6% —
2023 $96K $85K $144K 91.1% —
2022 $108K $85K N/A — 1
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Organization Details
EIN
56-2273997
State
NC
City
CARY
ZIP
27518-9614
Classification
A63
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2003
Foundation Code
16
Form 990
On File
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