Ballet North Texas

Analysis

Ballet North Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2018, 8 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 June 2024, Ballet North Texas reported income of $488k and spending of $567k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to June 2024, income grew from $244k to $488k (+100%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet North Texas sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Washington Project for the Arts Inc ($488k), Fort Peck Fine Arts Council ($488k) and Historic Manassas Inc ($488k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (5.7% of expenses). At year end it held assets of $176k against liabilities of $61k, net assets of $115k. It reported 2 employees.