Victoria Ballet Theatre

Analysis

Victoria Ballet Theatre is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in June 1985, 41 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 April 2024, Victoria Ballet Theatre reported income of $509k and spending of $489k, spending 96% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $343k to $509k (+48%), an average of +10% a year. The sharpest change came in the year to April 2024, when income rose by 48%. 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, Victoria Ballet Theatre sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Stumptown Art Studio ($509k), Amplified Impact Partners ($509k) and Axiom Repertory Theatre ($509k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 35% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $111k (23% of expenses). Other salaries and wages came to $15k. At year end it held assets of $195k against liabilities of $0, net assets of $195k. It reported 4 employees.