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North Carolina · Nonprofit

CHARLOTTE BALLET

CHARLOTTE BALLET (North Carolina) receives grants from 76 organizations whose IRS filings report $5,090,998 to it, the largest being GREATER CHARLOTTE CULTURAL TRUST ($1,593,169). 37 of them have funded it in more than one year.

Revenue FY2025
$19M
Funders on record
76
Grants received
$5.1M
Net assets
$30M
37/76 repeat funderspeak grant-dependency 18%
01What it does

What Charlotte Ballet does

Mission

Charlotte Ballet's mission: through dance, we create authentic connections, engaging and inclusive educational opportunities, and transformative experiences. Charlotte Ballet's vision: we inspire individuals and communities to explore the boundless potential of the imagination.

As stated on its FY2025 Form 990.

Programs

  1. Artistic programming: Charlotte Ballet presents 5-6 performance series of classical and contemporary ballet in charlotte annually, in addition to performing on tour locally and regionally. The organization employs an average of 28 dancers (20 first company; 8 second company) each season. The nation's top dancers are attracted to Charlotte Ballet's renowned artistic leadership; the diversity of its choreographers and challenging repertoire (both classical and contemporary); and a competitive contract that includes a minimum of 36 weeks of work per year in programming, education and community engagement, and dance training, and diverse repertoire ranging from full-length classical ballets to innovative contemporary works. Charlotte Ballet's collective talents provide the opportunity to challenge, stimulate, educate, entertain and enrich audiences.alejandro cerrudo was hired in may 2022 as just the fifth artistic director in Charlotte Ballet's 50+ year history. Under his artistic leadership, Charlotte Ballet will continue to push the boundaries of ballet and contemporary dance, as his artistic vision is to "build upon the company's identity as one of quality, creativity, and range,…

    $4,976,098 spent$2,449,210 earned by the program
    73% of program spending
  2. Education & community engagement programming: Charlotte Ballet'sflagship community engagement program, reach, offers ballet and worlddance training by professional teaching artists and dance attire for upto 120 students annually, all at no cost to participants' families.classes are conducted over 29 sequential weeks, in five communitycenters across mecklenburg county. The program, which is a result of apartnership between Charlotte Ballet and the mecklenburg county park &recreation department, is the recipient of the national association ofcounties award in recognition of "an effective and innovative programwhich contributes to and enhances county government in the unitedstates and the north carolina recreation and parks association artsand humanities. Not only does reach offer access to high-quality dance training at no cost, with classes in diverse neighborhoods across mecklenburg county; it also offers opportunities for promising students to continue to train in dance through scholarships to Charlotte Ballet academy, as well as mentorship opportunities for reach graduates that include teacher assistant positions and internships. Reach scholarshipscomplement numerous…

    $316,150 spent$117,608 earned by the program
    5% of program spending
  3. Dance training: the oldest dance school in north carolina affiliated with a professional dance company, Charlotte Ballet academy annually enrolls over 900 students ages three to adult from across the country and around the world. Alumni of the highest level of training, the pre-professional division, have gone on to dance at american school of ballet, san francisco ballet and more; and the academy's repertory ensemble, a performance group made of top-level students, is designated as an honor company with the southeastern regional ballet association.

    $1,530,939 spentof which $213,217 as grants$1,747,802 earned by the program
    22% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,823,187.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($7.4M) Expenses 100 ($7.5M) Net assets 100 ($18M)2018 Revenue 95 ($7.0M) Expenses 103 ($7.8M) Net assets 97 ($18M)2019 Revenue 98 ($7.3M) Expenses 102 ($7.7M) Net assets 95 ($17M)2020 Revenue 96 ($7.1M) Expenses 96 ($7.3M) Net assets 93 ($17M)2021 Revenue 64 ($4.8M) Expenses 57 ($4.3M) Net assets 102 ($19M)2022 Revenue 119 ($8.9M) Expenses 106 ($8.0M) Net assets 102 ($19M)2023 Revenue 157 ($12M) Expenses 158 ($12M) Net assets 101 ($19M)2024 Revenue 131 ($9.7M) Expenses 121 ($9.1M) Net assets 107 ($20M)2025 Revenue 256 ($19M) Expenses 125 ($9.4M) Net assets 161 ($30M)
'17'18'19'20'21'22'23'24'25
Revenue (256)Expenses (125)Net assets (161)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $25M to $35M (+42%).

$19M
$19M
$19M
$18M
$20M
$20M
$24M
$25M
$35M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 1% · 2021 33% · 2022 21% · 2023 1% · 2024 1% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

75% of CHARLOTTE BALLET’s revenue is contributions — more donation-reliant than the typical peer (58% for the typical peer).

This organization
Typical peer · 810 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

−$124k
’17
−$783k
’18
−$375k
’19
−$173k
’20
$434k
’21
$874k
’22
−$285k
’23
$627k
’24
$9.6M
’25
1.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Doug Singleton

Executive director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed394044373943414243
Joined·+13+5+4+11+15+10+8+8
No longer listed·121119111277
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 13 funders to 26 funders, grant income rose $262k → $651k.

16 of 76 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $12M from 6 payers (the payer shares this organization's board, largest Foundation for the Carolinas). These are real filings, and they are not money CHARLOTTE BALLET raised.

From the IRS filings of CHARLOTTE BALLET’s funders (the co-funder graph). Top 30 of 76 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CHARLOTTE BALLET has a broad base — no single funder exceeds 31% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

67% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CHARLOTTE BALLET.

31%
largest funder
52%
top three
~7
effective funders

Largest funder’s share by year: 2017 42% · 2018 42% · 2019 18% · 2020 30% · 2021 75% · 2022 24% · 2023 30% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

27% of CHARLOTTE BALLET's funders are still giving 3 years after their first grant; 49% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

72% of CHARLOTTE BALLET's grant income comes from North Carolina funders.

ME
NY
MA
OH
CT
CA
CO
NE
DE
AZ
TN
NC
SC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $1.6M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CHARLOTTE BALLET runs a healthier operating margin than three-quarters of the 570 arts & culture nonprofits its size.

Operating margin51% · top quartile
Months of reserve1.6mo · below the median
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 570 arts & culture nonprofits $10M–$100M, FY2025

Government funding CHARLOTTE BALLET receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $130k on record.

Federal$130k
grants $130kcontracts $0
17
18
20
26
Top agencies
  • National Endowment for the Arts$130k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like CHARLOTTE BALLET

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 16%Fundraising 11%

Governance

38
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

56%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for CHARLOTTE BALLET: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CHARLOTTE BALLET?
CHARLOTTE BALLET (North Carolina) receives grants from 76 organizations whose IRS filings report $5,090,998 to it, the largest being GREATER CHARLOTTE CULTURAL TRUST ($1,593,169). 37 of them have funded it in more than one year.
How many funders does CHARLOTTE BALLET have?
IRS filings report 76 organizations giving $5,090,998 in grants to CHARLOTTE BALLET, 37 of which have funded it in more than one year.
Who is the largest funder of CHARLOTTE BALLET?
GREATER CHARLOTTE CULTURAL TRUST is the largest funder on record, with $1,593,169 in grants. The full list of funders is on this page.
How can an organization like CHARLOTTE BALLET find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Charlotte Ballet →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 76 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing