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Carolina Ballet
Carolina Ballet reported $7.6 million in revenue and $9.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.20 went to program services, $12.88 to management and general costs and $3.92 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 53.7% of the total. The highest compensation it reported for one person was $170,958 (ARTISTIC DIRECTOR/CEO). 2 people received more than $100,000 in reportable compensation. Revenue rose 51% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.5MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $7.6M- Contributions & grants (non-government)$40.68 $3.1M
- Government grants$4.07 $312K
- Program service revenue$53.03 $4.1M
- Investment income$2.22 $170K
Other revenue was negative: −$90,162. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.2% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.9% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.9% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 45.3% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.1% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 53.7% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $170,958 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.79% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.3 | 36.6 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCarolina Ballet offers classical works, traditional story ballets, and innovative new choreography, as well as an annual nutcracker program. We perform approximately 75-80 times each season. Each year, we donate over 2,500 tickets to community service nonprofits and perform a "free" nutcracker community performance in december. Since 1998, we have presented approximately 1,150 performances to more than 1m people.the ballet has reached more than 100,000 children (pre-k to high school) through various outreach and education programs. Such as dancers in schools which presents hands-on ballet…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ARTISTIC DIRECTOR/CEO Officer, 60.00 hrs/week | $163,867 | $0 | $7,091 | $170,958 |
| CHIEF FINANCIAL OFFICER Officer, 60.00 hrs/week | $102,210 | $0 | $6,613 | $108,823 |
| CHIEF OPERATING OFFICER Officer, 60.00 hrs/week | $93,277 | $0 | $7,027 | $100,304 |
2 people received more than $100,000 in reportable compensation from Carolina Ballet (Part VII, line 2). Compensation of current officers, directors and key employees totaled $268K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5114
- Volunteers Part I, line 678
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CORNERSTONE CUSTOM PRINTING Programs and promotional materials | $107,205 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Carolina Ballet totaling $472K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Carolina Ballet's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carolina Ballet, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carolina Ballet spent in FY2025, $83.20 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Tate Americas FoundationNew York, NY · revenue $7.6M · programs 97.3% · FY2026
- Bruce MuseumGreenwich, CT · revenue $7.8M · programs 77.6% · FY2025
- The Center for Jewish HistoryNew York, NY · revenue $7.5M · programs 79.9% · 2024
- National Theatre in AmericaNew York, NY · revenue $7.9M · programs 76.3% · FY2026
- American Friends of Beit HatfutsotNew York, NY · revenue $7.4M · programs 98.9% · 2025
All arts, culture & humanities charities · Largest charities in North Carolina
Questions people ask
How much of Carolina Ballet's spending goes to programs?
In the fiscal year ending June 30, 2025, Carolina Ballet reported that 83.2% of its $9.5 million in expenses went to program services, 12.9% to management and general and 3.9% to fundraising (Form 990, Part IX).
How much does Carolina Ballet pay its top executive?
The largest total compensation Carolina Ballet reported for one person in the fiscal year ending June 30, 2025 was $170,958, for the role of ARTISTIC DIRECTOR/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carolina Ballet get its money?
Of $7.6 million in revenue in the fiscal year ending June 30, 2025, 45.3% came from contributions and grants (including 4.1% from government grants) and 53.7% from program service revenue (Form 990, Part VIII).
Is Carolina Ballet a registered charity?
The IRS lists EIN 56-1445383 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641279349303634 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501279349303550 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349302740 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311319349302546 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349302915 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349306309 · read the filing
All filings for EIN 56-1445383: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.