Bay Area Houston Ballet & Theatre

Analysis

Bay Area Houston Ballet & Theatre is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1979, 47 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, Bay Area Houston Ballet & Theatre reported income of $613k and spending of $560k, spending 91% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $391k to $613k (+57%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay Area Houston Ballet & Theatre sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Immediate Life Inc ($613k), Husky Research Corporation Inc ($613k) and Fargo-Moorhead Science Museum ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 35% of the total. Other salaries and wages came to $95k. At year end it held assets of $463k against liabilities of $45k, net assets of $419k. It reported 3 employees.