Encinitas Ballet Academy and Arts Center

Analysis

Encinitas Ballet Academy and Arts Center is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in November 2014, 12 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 2023, Encinitas Ballet Academy and Arts Center reported income of $235k and spending of $232k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $235k (+186%), an average of +186% a year. The sharpest change came in the year to December 2023, when income rose by 186%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Encinitas Ballet Academy and Arts Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Susquehanna Valley Chorale ($235k), Irish Cultural and Historical Society of the Mohawk Valley ($235k) and Rehoboth Beach Historical Society ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $80k (35% of expenses). Other salaries and wages came to $15k. At year end it held assets of $2,290 against liabilities of $0, net assets of $2,290.