Denver Ballet Theatre

Analysis

Denver Ballet Theatre is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Denver Ballet Theatre reported income of $124k and spending of $104k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $300k to $124k (-59%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denver Ballet Theatre sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Sister Cities Girlchoir Inc ($124k), Young Artists Harp Seminars Inc ($124k) and Center for Powder Metallurgy Technology ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $40k (38% of expenses). Other salaries and wages came to $24k. At year end it held assets of $67k against liabilities of $0, net assets of $67k.