Triangle Youth Ballet
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE COMPANY EXISTS TO TRAIN DANCERS AND TO INSTILL A DEEPER UNDERSTANDING OF DANCE ARTS IN OUR COMMUNITY. WE PLEDGE TO OFFER PROFESSIONAL TRAINING TO ASPIRING DANCERS THROUGH OUR CLASSES, TRAINING WORKSHOPS AND PERFORMANCE OPPORUNITIES. WE OPERATE A REPERTORY BALLET COMPANY TO PROVIDE PROFESSIONAL PERFORMANCE EXPERIENCE AND THE ESSENTIAL ELEMENT FOR OUR COMMUNITY OUTREACH PROGRAMS.
- Income
- $455,823
- Spending
- $442,440
- Spent on programs
- 91%
- Reserves
- 4.6 months of spending
- Largest source of income
- fees for its services, 92%
- Employees
- 13
- Volunteers
- 120
- Highest pay
- $31,630, pres/artistic director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 41% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 4.6 months of spending.
Debt
10 of 20It owes 35% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
10 of 15Income fell 0% on the year before.
Spending floor
15 of 1591% of spending went to programs and raising each dollar of donations cost 34 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 69 out of 100. Higher than 45% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
18 of 253 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $401,281 spent. IN THE FISCAL YEAR JULY 2024 - JUNE 2025, WE CONTINUED OUR PARTNERSHIP WITH THE DURHAM ARTS COUNCIL. WE CONTINUED OUR TUITION ASSISTANCE PROGRAM AND MALE MERIT SCHOLARSHIP PROGRAMS. OUR PERFORMING COMPANIES ATTENDED CLASSES AND PERFORMED AT BOTH THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FESTIVAL OF DANCE IN WINSTON-SALEM, NORTH CAROLINA AND REGIONAL DANCE AMERICA NATIONAL FESTIVAL IN MEMPHIS, TENNESSE. OUR COMPANIES AND STUDENTS FROM OUR SCHOOL MOUNTED TWO FULL-LENGTH BALLETS: THE NUTCRACKER AND CINDERELLA. IN ADDITION, WE PERFORMED A VARIETY OF CHOREOGRAPHY FROM OUR REPERTOIRE FOR OUR DONORS AND SUPPORTERS AT THE PSI THEATRE AT THE DURHAM ARTS COUNCIL. IN COLLABORATION WITH THE CHAPEL HILL SERVICE LEAGUE WE HOSTED A TOY DRIVE WITH A PERFORMANCE TO RAISE AWARENESS AND FUNDS FOR THEIR ANNUAL CHRISTMAS HOUSE. WE PERFORMED A PARKING LOT HOLIDAY-THEMED PERFORMANCE FOR THEM. IN ADDITION WE WERE A DROP OFF LOCATION FOR GENTLY USED PROM DRESSES FOR CINDERELLA'S CLOSET, ANOTHER DRIVE MANAGED BY THE CHAPEL HILL SERVICE LEAGUE. THROUGH THE CAROLINA THEATRE'S ARTS DISCOVERY PROGRAM FOR NC SCHOOLS, WE STAGED AN HOUR LONG INTERACTIVE STAGE PRESENTATION "THINGS WORK BETTER WHEN WE WORK TOGETHER" USING THE DANCERS AND MEMBERS OF THE ORCHESTRA AND THE NUTCRACKER PRODUCTION TO EXEMPLIFY THIS CONCEPT AS WELL AS DANCE APPRECIATION AND HISTORY, AND MUSIC AS DANCE APPRECIATION AND HISTORY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.