Aspen Santa Fe Ballet

Analysis

Aspen Santa Fe Ballet is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in February 1991, 35 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Aspen Santa Fe Ballet reported income of $2.4m and spending of $2.8m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.2m to $2.4m (-62%), an average of -21% a year. The sharpest change came in the year to August 2020, when income dropped by 47%. 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, Aspen Santa Fe Ballet sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Salmagundi Club ($2.3m), Tower Theatre Foundation Inc ($2.4m) and Admiral Theatre Foundation ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.8m against liabilities of $398k, net assets of $4.4m. It reported 67 employees.