Imagine Ballet Theatre Inc

Analysis

Imagine Ballet Theatre Inc is a registered charity in United States, based in North Ogden, UT. It received its IRS tax-exemption ruling in October 2024, 2 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 2022, Imagine Ballet Theatre Inc reported income of $254k and spending of $254k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $245k to $254k (+3.8%), an average of +1.9% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Imagine Ballet Theatre Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within UT. Charities of a similar size with the same main cause include Lake Jackson Historical Association ($254k), Asian American Women Artists Association Inc ($254k) and Avon Players ($254k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $25k (9.8% of expenses). Other salaries and wages came to $24k. At year end it held assets of $62k against liabilities of $0, net assets of $62k.