Collin County Ballet Theatre Inc

Analysis

Collin County Ballet Theatre Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 2023, 3 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, Collin County Ballet Theatre Inc reported income of $209k and spending of $143k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $445k to $209k (-53%), an average of -17% a year. The sharpest change came in the year to December 2019, when income dropped by 66%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collin County Ballet Theatre Inc sits at the 61st percentile: it is larger than about 60% 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 Garden District Association ($209k), Brookline Chorus Inc ($209k) and Walter Elwood Museum of the Mohawk Valley ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 90% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.