American Contemporary Ballet Inc

Analysis

American Contemporary Ballet Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, American Contemporary Ballet Inc reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $794k to $1.1m (+34%), an average of +7.7% a year. The sharpest change came in the year to August 2022, when income rose by 134%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Contemporary Ballet Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Trilok Fusion Arts Inc ($1.1m), Arts Council Wichita Falls Area Inc ($1.1m) and Science Atl Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $77k (7.3% of expenses). Other salaries and wages came to $281k. It paid $5,691 in professional fundraising fees. At year end it held assets of $215k against liabilities of $82k, net assets of $132k. It reported 30 employees.