International Ballet Theatre

Analysis

International Ballet Theatre is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, International Ballet Theatre reported income of $333k and spending of $522k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $393k to $333k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income rose by 225%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Ballet Theatre sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Chicago City Theatre Company ($333k), Highlands Ranch Cultural Affairs Association ($333k) and Ward Melville Heritage Organization Ltd ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $12k against liabilities of $66k, net assets of -$54k.