Philadelphia Ballet

Legal name: The Pennsylvania Ballet Association

Nonprofit profile at a glance

EIN
231629970
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Philadelphia, PA, US
Phone
215.551.7000, ext.7
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$26,669,434
Expenses
$21,021,434
Assets
$58,852,641
Liabilities
$21,613,447

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • ANTHONY B HALLER ESQ (VICE-PRESIDENT)
  • GEORGIANA W NOLL (VICE-PRESIDENT)
  • SHELLY POWER (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SHELLY POWER (CHIEF EXECUTIVE OFFICER): $416,723 total reported compensation
  • ANGEL CORELLA (ARTISTIC DIRECTOR): $342,519 total reported compensation
  • DAVID CHAMBERS (CHIEF ADVANCEMENT OFFICER): $230,655 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Philadelphia Ballet comprises a team of dedicated professionals—each one devoted to bringing you the most thrilling and inspired works ballet has to offer.

What it reported doing in 2024

The organization is one of the largest performing arts organizations in the philadelphia region. During fiscal year 2025, it employed 48 dancers in the company and presented 5 live productions, including george balanchine's 'the nutcracker'. Philadelphia ballet's repertoire includes both classic and contemporary works which were performed to an audience of more than 87,000 representing more than 27,500 households at the academy of music. In nov/dec 2024, the kennedy center presented pb for 7 sold out performances of the the nutcracker, reaching and additional 15,000+ audience members. In addition, the company participated in other community events including the sixth annual spring festival at red rose farm. The total number of performances presented (inclusive of performances outside our performance home)in fy25 was 72.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 89
  • Accountability: 96
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.6%; rating input score 57
  • Program expense ratio: 70.5%; rating input score 70
  • Fundraising efficiency: $9.51 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.9%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 2.8; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 8%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 45th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 56.6% of revenue deployed · 70.5% of spending went to programs
  • Governance: 31 of 33 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $14.8M in reported program spending
  • Leadership: top reported pay $417K · 39 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.1M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.