Arts, Culture & Humanities (A620) IRS Verified DX Registered 990 on File

CHARLOTTE BALLET

EIN: 58-1314711 · CHARLOTTE, NC 28202-2221 · United States · FY 2023 Data

3 out of 5 43 / 100 Based on 2+ years of filings

Financial strength (30%) 57/100

Reliability (20%) 55/100

Effectiveness (25%) 58/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Charlotte Ballet’s mission is to provide artistically excellent programming to diverse audiences in its home city of Charlotte, the Southeast region, and to the varied communities it serves while on tour across the nation. Charlotte Ballet has received critical recognition nationally for excellence in programming, education and outreach, and dance training.

Financial Overview — FY 2023

$11.6M

Total Revenue

$11.9M

Total Expenses

$18.7M

Net Assets

122

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 53.7%

Fundraising Efficiency 714.7%

Operating Reserve 18.87x

Liability-to-Asset 20.6%

Revenue Diversification 62.7%

Executive Compensation $800K

Compared with Peers

FY 2023

Compared with 656 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M 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	53.7%	79.6%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	10.5%	13.1%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	35.8%	5.9%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	714.7%	814.0%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	18.9 mo	28.1 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	20.6%	13.5%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	62.7%	72.1%	P10P90	Above median
Revenue growth Year over year revenue growth	31.4%	-2.2%	P10P90
Expense growth Year over year expense growth	49.4%	12.7%	P10P90
Surplus margin Surplus as a share of revenue	-2.5%	0.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$11.6M	$11.9M	$18.7M	53.7%	122
2022	$8.9M	$8.0M	$18.8M	80.0%	119
2021	$4.8M	$4.3M	N/A	—	119

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Organization Details

EIN: 58-1314711
State: NC
City: CHARLOTTE
ZIP: 28202-2221
Classification: A620
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
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

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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