Santa Barbara Festival Ballet

Analysis

Santa Barbara Festival Ballet is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in February 1975, 51 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 August 2023, Santa Barbara Festival Ballet reported income of $318k and spending of $312k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $345k to $318k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to August 2023, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Barbara Festival Ballet sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include American Museum Membership Conference Inc ($318k), New Expressive Works ($318k) and Juan de Fuca Fesitval of the Arts ($318k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $5,040 (1.6% of expenses). Other salaries and wages came to $21k. At year end it held assets of $31k against liabilities of $51k, net assets of -$20k. It reported 9 employees.