Lafayette Ballet Theatre

Analysis

Lafayette Ballet Theatre is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in June 1982, 44 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 December 2023, Lafayette Ballet Theatre reported income of $372k and spending of $325k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $372k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lafayette Ballet Theatre 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 64th percentile within LA. Charities of a similar size with the same main cause include Holy Tabernacle United Church of God Inc ($372k), West Pittston Library Association ($372k) and Hope Mission of Coastal Carolina Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $41k (13% of expenses). At year end it held assets of $1.6m against liabilities of $576k, net assets of $997k.