Ballet Latino de San Antonio

Analysis

Ballet Latino de San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 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 August 2023, Ballet Latino de San Antonio reported income of $140k and spending of $122k, spending 87% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $94k to $140k (+49%), an average of +49% a year. The sharpest change came in the year to August 2023, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Latino de San Antonio sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include International Organization of Lace Inc ($140k), Bragg Jam Inc ($140k) and Follow Your Dream Foundation Inc ($140k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.