Redding City Ballet

Analysis

Redding City Ballet is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in May 2001, 25 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, Redding City Ballet reported income of $69k and spending of $79k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $69k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redding City Ballet sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Hopkins County Cultural Heritage Organization ($69k), New England Wireless & Steam Museum ($69k) and Emmaus Historical Society ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.