Ballet Concierto de Puerto Rico Inc

Analysis

Ballet Concierto de Puerto Rico Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in February 1995, 31 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ballet Concierto de Puerto Rico Inc reported income of $871k and spending of $916k, spending 105% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $520k to $871k (+67%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 32%. 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, Ballet Concierto de Puerto Rico Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 67th percentile within PR. Charities of a similar size with the same main cause include Nepali Cultural Center Inc ($871k), Oregon Institute of Science and Medicine ($871k) and Portrait Society of America Inc ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $153k. At year end it held assets of $187k against liabilities of $77k, net assets of $109k. It reported 21 employees.