New Ballet School Downtown San Jose Inc

Analysis

New Ballet School Downtown San Jose Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2016, 10 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Ballet School Downtown San Jose Inc reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+1.4%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Ballet School Downtown San Jose Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Jewel Theatre Company ($1.6m), Oklahoma Arts Institute ($1.6m) and Friends of the Texas Historical Commission Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $70k (4.7% of expenses). Other salaries and wages came to $604k. At year end it held assets of $3.6m against liabilities of $2.7m, net assets of $884k. It reported 75 employees.