Ballet Arizona

Analysis

Ballet Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1974, 52 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 June 2023, Ballet Arizona reported income of $12.7m and spending of $9.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $12.7m (+83%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 83% 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 Arizona 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 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Storyville Center for the Spoken Word Inc ($12.7m), Foundation of the American Academy of Ophthalmology ($12.8m) and Anchorage Museum Association ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $419k (4.3% of expenses). Other salaries and wages came to $3.3m. It paid $32k in professional fundraising fees. At year end it held assets of $19.3m against liabilities of $966k, net assets of $18.4m. It reported 283 employees.