Ballet Conservatory of South Texas Inc

Analysis

Ballet Conservatory of South Texas Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 2012, 14 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, Ballet Conservatory of South Texas Inc reported income of $534k and spending of $569k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $553k to $534k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 106% 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 Conservatory of South Texas Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Wings World Quest Inc ($534k), Dynamic Forms Inc ($534k) and African American Family & Cultural Center ($534k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Other salaries and wages came to $252k. At year end it held assets of $155k against liabilities of $11k, net assets of $144k. It reported 15 employees.