San Pedro City Ballet

Analysis

San Pedro City Ballet is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in January 1995, 31 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, San Pedro City Ballet reported income of $727k and spending of $603k, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $258k to $727k (+181%), an average of +30% a year. The sharpest change came in the year to August 2022, when income rose by 104%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Pedro City Ballet sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include National College for Dui Defense ($727k), Fern Street Community Arts Inc ($727k) and San Jose Theater Preservation Inc ($726k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $94k (16% of expenses). Other salaries and wages came to $59k. At year end it held assets of $234k against liabilities of $4,046, net assets of $230k.