Breitling Performing Arts

Analysis

Breitling Performing Arts is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Breitling Performing Arts reported income of $289k and spending of $277k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $266k to $289k (+8.5%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Breitling Performing Arts sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Watching Hills Baseball & Softball Inc ($289k), Empowering the Ages Inc ($289k) and Oher Foundation Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $124k (45% of expenses). At year end it held assets of $60k against liabilities of $132k, net assets of -$72k.