El Ballet Folklorico Estudiantil

Analysis

El Ballet Folklorico Estudiantil is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in November 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, El Ballet Folklorico Estudiantil reported income of $216k and spending of $231k, spending 107% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $279k to $216k (-23%), an average of -23% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Ballet Folklorico Estudiantil sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Camille Catherine Inc ($216k), Homewood Science Center ($216k) and Armenian Heritage Museum a Calif Nonprofit Pub Ben Corp ($216k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $7,575 (3.3% of expenses). Other salaries and wages came to $59k. At year end it held assets of $113k against liabilities of $0, net assets of $113k. It reported 3 employees.