Laguna Ballet

Analysis

Laguna Ballet is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 September 2023, Laguna Ballet reported income of $161k and spending of $112k, leaving 31% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $156k to $161k (+3.8%), an average of +3.8% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laguna Ballet sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Goose Rocks Beach Association Inc ($161k), Research Corporation of Long Island Inc ($161k) and 40 & 8 George B Boland Nurses Training Ta ($161k).

At year end it held assets of $125k against liabilities of $63k, net assets of $63k.