Los Gatos Ballet Foundation

Analysis

Los Gatos Ballet Foundation is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in December 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 2023, Los Gatos Ballet Foundation reported income of $264k and spending of $202k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $304k to $264k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 90% 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 Gatos Ballet Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Green Card Voices ($264k), Safe Haven Ballet ($264k) and John F Peto Studio Museum ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. At year end it held assets of $433k against liabilities of $189k, net assets of $243k.