Ballet Austin Incorporated

Analysis

Ballet Austin Incorporated is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 1958, 68 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 July 2023, Ballet Austin Incorporated reported income of $9.5m and spending of $9.2m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $8.6m to $9.5m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to July 2020, when income dropped by 19%. Over the whole period it spent 91% 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 Austin Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Museum of New Mexico Foundation ($9.4m), Admiral Nimitz Foundation ($9.5m) and Building Bridges Development Corporation ($9.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $330k (3.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $17.5m against liabilities of $1.7m, net assets of $15.8m. It reported 284 employees.