Ballet Folklorico Mexico Azteca

Analysis

Ballet Folklorico Mexico Azteca is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in August 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ballet Folklorico Mexico Azteca reported income of $204k and spending of $203k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $204k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Folklorico Mexico Azteca sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Utah Blues Society ($204k), Elbow Reef Foundation Inc ($204k) and Music City Maryland Association Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. At year end it held assets of $5,819 against liabilities of $30k, net assets of -$24k.