Ballet Austin Foundation

Analysis

Ballet Austin Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Ballet Austin Foundation reported income of $252k and spending of $381k, spending 151% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $293k to $252k (-14%), an average of -3.7% a year. The sharpest change came in the year to July 2021, when income rose by 140%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ballet Austin Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Presbyterian Foundation of Boulder ($252k), Buckhead Rotary Foundation Inc ($252k) and Floatarama Inc ($252k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $10.1m against liabilities of $0, net assets of $10.1m.