Port Townsend Ballet

Analysis

Port Townsend Ballet is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. 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, Port Townsend Ballet reported income of $134k and spending of $134k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $134k (+11%), an average of +11% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Townsend Ballet sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include The We Project ($134k), Faith Ministries Inc ($134k) and Richard E Vandervoort Memorial Scholarship Fund Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.