Festival Ballet Theatre

Analysis

Festival Ballet Theatre is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2023, Festival Ballet Theatre reported income of $795k and spending of $818k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $718k to $795k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Festival Ballet Theatre sits at the 75th percentile: it is larger than about 75% 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 Montana Coalition Against Domestic and Sexual Violence ($795k), Tophat Soccer Club Ltd ($795k) and National Church Residences Wright Place Xenia Oh ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $116k. At year end it held assets of $171k against liabilities of $12k, net assets of $160k. It reported 6 employees.