Grandeza Mexicana Folk Ballet Company

Analysis

Grandeza Mexicana Folk Ballet Company is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2005, 21 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 2024, Grandeza Mexicana Folk Ballet Company reported income of $105k and spending of $117k, spending 112% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $46k to $105k (+127%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 127%. 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, Grandeza Mexicana Folk Ballet Company sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Morada Way Arts & Cultural District Inc ($105k), Richmond County Orchestra Inc ($105k) and Twin Cities Steppers Association ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.9% and program service revenue 72% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.