Canyon Concert Ballet

Analysis

Canyon Concert Ballet is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in March 1979, 47 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 May 2023, Canyon Concert Ballet reported income of $1.0m and spending of $991k, spending 96% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $693k to $1.0m (+48%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 98%. 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, Canyon Concert Ballet sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Femm Foundation ($1.0m), The All-American Boys Chorus ($1.0m) and The Hydroplane and Raceboat Museum ($1.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Other salaries and wages came to $427k. At year end it held assets of $1.0m against liabilities of $835k, net assets of $178k. It reported 47 employees.