Festival Ballet of North Central Texas Inc

Analysis

Festival Ballet of North Central Texas Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Festival Ballet of North Central Texas Inc reported income of $133k and spending of $142k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $133k (+0.9%), an average of +0.9% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival Ballet of North Central Texas Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Plus Charities ($133k), Commonwealth North Inc ($133k) and Rose Conservatory ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 82% of the total. At year end it held assets of $62k against liabilities of $938, net assets of $61k.