Ventura County Ballet Company

Analysis

Ventura County Ballet Company is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in December 1999, 27 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 February 2024, Ventura County Ballet Company reported income of $210k and spending of $142k, leaving 32% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $139k to $210k (+51%), an average of +11% a year. The sharpest change came in the year to February 2022, when income rose by 266%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ventura County Ballet Company 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 57th percentile within CA. Charities of a similar size with the same main cause include Playpenn Inc ($210k), Washington Metropolitan Philharmonic Association ($210k) and Amana Colonies Festivals Inc ($210k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 15% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $17k (12% of expenses). At year end it held assets of $161k against liabilities of $3,237, net assets of $158k.