Ylc Ballet

Analysis

Ylc Ballet is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 2011, 15 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 2024, Ylc Ballet reported income of $797k and spending of $772k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $377k to $797k (+111%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ylc Ballet sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Arts for All Inc ($796k), Success at Work Inc ($797k) and Fine Arts Institute of Edmond ($796k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% of the total. At year end it held assets of $362k against liabilities of -$439, net assets of $363k.