Ballet Taos Inc

Analysis

Ballet Taos Inc is a registered charity in United States, based in Taos, NM. It received its IRS tax-exemption ruling in January 2021, 5 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 Taos Inc reported income of $167k and spending of $164k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $167k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 110% 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 Taos Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include St Petersburg International Folk Fair Society Inc ($167k), Flower of Hope Outreach ($167k) and Dance Wisconsin Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. At year end it held assets of $12k against liabilities of $3,150, net assets of $8,865.