Rio Grande Valley Ballet Company

Analysis

Rio Grande Valley Ballet Company is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in June 1973, 53 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, Rio Grande Valley Ballet Company reported income of $276k and spending of $154k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $276k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rio Grande Valley Ballet Company sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Taiwanese American Citizens League ($276k), Hart to Heart Ministries Inc ($276k) and Roosevelt Park Neighborhood Assoc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $19k (13% of expenses). At year end it held assets of $352k against liabilities of $788, net assets of $352k. It reported 1 employees.