Centennial State Ballet

Analysis

Centennial State Ballet is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in December 2013, 13 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 May 2023, Centennial State Ballet reported income of $212k and spending of $239k, spending 113% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $201k to $212k (+5.5%), an average of +5.5% a year. 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, Centennial State Ballet 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 52nd percentile within CO. Charities of a similar size with the same main cause include Radio Salvacion ($212k), The New American Cinema Group Inc ($212k) and Society for Marine Mamalogy ($212k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 56% of the total. Other salaries and wages came to $90k. At year end it held assets of $36k against liabilities of $28k, net assets of $7,413. It reported 22 employees.