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Wisconsin · Nonprofit

MADISON BALLET INC

MADISON BALLET INC (Wisconsin) receives grants from 13 organizations whose IRS filings report $722,018 to it, the largest being MADISON COMMUNITY FOUNDATION ($590,276). 5 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$1.4M
Funders on record
13
Grants received
$722k
Net assets
$-169151
5/13 repeat funderspeak grant-dependency 14%
01What it does

What Madison Ballet Inc does

Mission

The mission of madison ballet is to promote appreciation of and access to ballet by providing training and performing opportunities through professionally produced productions and educational initiatives. This is accomplished through 3 pillars of company/performances, the school of madison ballet, and outreach.

As stated on its FY2025 Form 990.

Programs

  1. Company/performances - young dancers and professionals alike gain invaluable experiences through madison ballet's critically acclaimed performances. From the beloved tradition of "the nutcracker" to the stunning innovation of contemporary works, there is something to inspire and delight every audience.

    $671,157 spent$917,540 earned by the program
    63% of program spending
  2. School of madison ballet - one of the most highly respected and affordable dance schools in the midwest, school of madison ballet classes range from early childhood to audlt and recreational to pre-professional. Gaining the confidence, discipline, and fundamental life skills inheret in the study of classical ballet, smb provides unprecedented opportunity to dances in all stages of life and career.

    $115,122 spentof which $1,809 as grants$185,601 earned by the program
    11% of program spending
  3. Outreach - madison ballet uses the power of dance to develop a stronger, more empowered madison, through fluid, approachable, and relevant educational programs for our community and its organizations. Outreach programs are targeted to bridge gaps in access to high-quality arts education, uniting a diverse population through the arts.

    $274,968 spent$15,340 earned by the program
    26% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,061,247.

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 ($980k) Expenses 100 ($1.0M) Net assets 100 ($776k)2018 Revenue 112 ($1.1M) Expenses 101 ($1.1M) Net assets 111 ($864k)2019 Revenue 167 ($1.6M) Expenses 99 ($1.0M) Net assets 184 ($1.4M)2020 Revenue 99 ($967k) Expenses 101 ($1.0M) Net assets 174 ($1.3M)2021 Revenue 108 ($1.1M) Expenses 52 ($535k) Net assets 241 ($1.9M)2022 Revenue 163 ($1.6M) Expenses 147 ($1.5M) Net assets 77 ($594k)2023 Revenue 118 ($1.2M) Expenses 147 ($1.5M) Net assets 28 ($221k)2024 Revenue 135 ($1.3M) Expenses 153 ($1.6M) Net assets -7 ($-57094)2025 Revenue 142 ($1.4M) Expenses 145 ($1.5M) Net assets -22 ($-169151)
'17'18'19'20'21'22'23'24'25
Revenue (142)Expenses (145)Net assets (-22)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 2021 to 2022, from $2.5M to $1.2M (−52%).

$1.1M
$1.1M
$1.5M
$1.6M
$2.5M
$1.2M
$1.9M
$1.6M
$1.4M
'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% · 2021 39% · 2022 46% · 2023 1% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

19% of MADISON BALLET INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (63% for the typical peer).

This organization
Typical peer · 5,377 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.

−$59k
’17
$41k
’18
$600k
’19
−$82k
’20
$523k
’21
$72k
’22
−$373k
’23
−$271k
’24
−$112k
’25
0.5
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

Jakee Malik Pyles

Interm executive director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed11131213181516159
Joined·+4+3+5+8+3+6+1+1
No longer listed·24436527
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 6 funders, grant income rose $5k → $134k.

4 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 86% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MADISON BALLET INC’s funders (the co-funder graph). 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

MADISON BALLET INC leans on a few funders — its largest provides 82% of grant income and the top three 96%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

86% 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 MADISON BALLET INC.

82%
largest funder
96%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 83% · 2023 68% — 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

50% of MADISON BALLET INC's funders are still giving 3 years after their first grant; 38% give in more than one year at all.

first grant+1y+2y+3y

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

86% of MADISON BALLET INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $101k that is directly attributable, 100% of it comes from Wisconsin funders.

IL
WI
TX

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

’17
’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. $621k arriving through sponsors registered in 4 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

MADISON BALLET INC's revenue grew 42% between 2017 and 2025.

Operating margin−8% · bottom quartile
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 3,230 arts & culture nonprofits $1M–$10M, FY2025

Organizations like MADISON BALLET INC

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 Wisconsin

Nationally

05Profile & governance

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

Where the money goes

71% of spending goes to programs.

Program 71%Management 27%Fundraising 2%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

94%

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

Footprint & structure

Files a return copy in 1 state

WI

Screen this organization

A dated, signed PDF of the compliance screen for MADISON BALLET INC: 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 MADISON BALLET INC?
MADISON BALLET INC (Wisconsin) receives grants from 13 organizations whose IRS filings report $722,018 to it, the largest being MADISON COMMUNITY FOUNDATION ($590,276). 5 of them have funded it in more than one year, and 86% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does MADISON BALLET INC have?
IRS filings report 13 organizations giving $722,018 in grants to MADISON BALLET INC, 5 of which have funded it in more than one year.
Who is the largest funder of MADISON BALLET INC?
MADISON COMMUNITY FOUNDATION is the largest funder on record, with $590,276 in grants. The full list of funders is on this page.
How can an organization like MADISON BALLET INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. 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 Madison 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 13 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 14, 2026. What this page cannot tell you · view filing