Ballet San Antonio

Analysis

Ballet San Antonio is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 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 June 2023, Ballet San Antonio reported income of $2.2m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet San Antonio sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Jewish Museum of Maryland Inc ($2.2m), Gateway Film Foundation ($2.2m) and Herbert Berghof Studio Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $148k (7.2% of expenses). Other salaries and wages came to $653k. At year end it held assets of $606k against liabilities of $741k, net assets of -$134k. It reported 56 employees.