Salt Creek Ballet Company

Analysis

Salt Creek Ballet Company is a registered charity in United States, based in Westmont, IL. It received its IRS tax-exemption ruling in April 1986, 40 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, Salt Creek Ballet Company reported income of $738k and spending of $803k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $947k to $738k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Creek Ballet Company 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 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include My Voice Music ($738k), San Bernardino County Museum Association ($738k) and Northbrook Hockey League ($738k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $120k (15% of expenses). Other salaries and wages came to $168k. At year end it held assets of $200k against liabilities of $255k, net assets of -$55k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.