Monterey Peninsula Ballet Theatre Corp

Analysis

Monterey Peninsula Ballet Theatre Corp is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in August 2017, 9 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 April 2024, Monterey Peninsula Ballet Theatre Corp reported income of $246k and spending of $205k, spending 83% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $125k to $246k (+97%), an average of +97% a year. The sharpest change came in the year to April 2024, when income rose by 97%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monterey Peninsula Ballet Theatre Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Teche Center for the Arts ($246k), American Flight Museum Inc ($246k) and Colorado Music Bridge ($246k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 20% and program service revenue 75% of the total. Other salaries and wages came to $70k. At year end it held assets of $205k against liabilities of $1,266, net assets of $204k. It reported 1 employees.