Corpus Christi Ballet

Analysis

Corpus Christi Ballet is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, Corpus Christi Ballet reported income of $372k and spending of $279k, leaving 25% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $293k to $372k (+27%), an average of +6.1% a year. The sharpest change came in the year to May 2022, when income rose by 292%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corpus Christi Ballet sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include West Hartford Community TV Inc ($372k), Paramedic Foundation ($372k) and Stoughton Conservation Club Inc ($372k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $19k (6.8% of expenses). At year end it held assets of $867k against liabilities of $19k, net assets of $848k. It reported 2 employees.