Lakecities Ballet Theatre

Analysis

Lakecities Ballet Theatre is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in June 1989, 37 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lakecities Ballet Theatre reported income of $211k and spending of $190k, spending 90% of its income. Across the 6 years on record, from December 2019 to June 2024, income fell from $228k to $211k (-7.7%), an average of -1.6% a year. The sharpest change came in the year to June 2024, when income rose by 743%. 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, Lakecities Ballet Theatre sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Denver Municipal Band ($211k), Morris Chinese Academy a Njnonprofit Corporation ($211k) and Westlake Choir Parents Inc ($211k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 40% of the total. At year end it held assets of $176k against liabilities of $16k, net assets of $160k.