Frisco Ballet

Analysis

Frisco Ballet is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 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 December 2023, Frisco Ballet reported income of $57k and spending of $56k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $57k (+3.1%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frisco Ballet sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Midsummer Mozart ($57k), Kansasfest Inc ($57k) and Plumas County Museum Association ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $39k against liabilities of $14k, net assets of $25k.