Ballet Arts Foundation

Analysis

Ballet Arts Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1987, 39 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 July 2023, Ballet Arts Foundation reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $772k to $1.3m (+73%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 319%. Over the whole period it spent 81% 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 Arts Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Kinhaven Music School Inc ($1.3m), Wyoming PBS Foundation ($1.3m) and Circle Cinema Foundation Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $35k (3.2% of expenses). Other salaries and wages came to $379k. It paid $30k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $585k, net assets of $945k. It reported 27 employees.