Ballet Texas

Analysis

Ballet Texas is a registered charity in United States, based in Live Oak, TX. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ballet Texas reported income of $227k and spending of $209k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $254k to $227k (-11%), an average of -11% a year. Over the whole period it spent 82% 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 Texas sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Stage of Life Theatre Company ($227k), Allen Philharmonic Symphony Inc ($227k) and Palm Springs Modern Committe ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (53% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.