Redondo Ballet

Analysis

Redondo Ballet is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in May 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 December 2023, Redondo Ballet reported income of $167k and spending of $186k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $167k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redondo Ballet sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Parnassus Performance Laboratory Inc ($167k), Laporte County Historical Society Inc ($167k) and Camfel Productions Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 69% of the total. At year end it held assets of $37k against liabilities of $1,118, net assets of $36k.