Texas Ballet Theater Inc

Analysis

Texas Ballet Theater Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2004, 22 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 2023, Texas Ballet Theater Inc reported income of $9.8m and spending of $9.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.7m to $9.8m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Ballet Theater Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include The National Council of Teachers of Mathematics-Incorporated- ($9.8m), International First Committee Association ($9.8m) and Minnesota Childrens Museum ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $620k (6.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.5m against liabilities of $2.0m, net assets of $14.5m. It reported 327 employees.