City Ballet Inc

Analysis

City Ballet Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, City Ballet Inc reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, City Ballet Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Milwaukee County Historical Society ($1.4m), Mission Bit ($1.4m) and Inwater Group Research Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Other salaries and wages came to $602k. At year end it held assets of $508k against liabilities of $153k, net assets of $355k. It reported 34 employees.