Ballroom Cultural Arts Foundation

Analysis

Ballroom Cultural Arts Foundation is a registered charity in United States, based in Marfa, TX. It received its IRS tax-exemption ruling in June 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 June 2023, Ballroom Cultural Arts Foundation reported income of $818k and spending of $1.1m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $818k (-55%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 48%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballroom Cultural Arts Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Slater Technology Fund Inc ($818k), Tulsa Historical Society ($818k) and Association for Surgical Education Inc ($818k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $107k (9.4% of expenses). Other salaries and wages came to $311k. At year end it held assets of $1.1m against liabilities of $358k, net assets of $739k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.