Los Angeles Ballet Inc

Analysis

Los Angeles Ballet Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Ballet Inc reported income of $4.2m and spending of $4.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.2m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 192%. 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, Los Angeles Ballet Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Reno Philharmonic Association Inc ($4.2m), Intercultural Development Research Association ($4.2m) and Palm Beach Opera Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $160k (3.3% of expenses). Other salaries and wages came to $948k. At year end it held assets of $840k against liabilities of $785k, net assets of $55k. It reported 50 employees.