Southwest Ballet Theatre

Analysis

Southwest Ballet Theatre is a registered charity in United States, based in Litchfield PK, AZ. It received its IRS tax-exemption ruling in August 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 June 2024, Southwest Ballet Theatre reported income of $175k and spending of $165k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $152k to $175k (+15%), an average of +15% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southwest Ballet Theatre sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Whidbey Childrens Theater ($175k), Littleton Studio School ($175k) and Contra Costa Chinese School ($174k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 80% of the total. At year end it held assets of $62k against liabilities of $1,432, net assets of $60k.