Texas Youth Ballet

Analysis

Texas Youth Ballet is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in July 2014, 12 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 July 2023, Texas Youth Ballet reported income of $148k and spending of $141k, spending 95% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $127k to $148k (+17%), an average of +17% a year. The sharpest change came in the year to July 2023, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Youth Ballet sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Williamson County Symphony Orchestra Society ($148k), Yofi Fest Inc ($148k) and The Heritage Museum and Cultural Center ($148k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 76% of the total. At year end it held assets of $3,481 against liabilities of $2,395, net assets of $1,086.