Phoenix Ballet

Analysis

Phoenix Ballet is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 December 2023, Phoenix Ballet reported income of $330k and spending of $572k, spending 173% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $514k to $330k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Phoenix Ballet sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within AZ. Charities of a similar size with the same main cause include Quapaw Quarter Association ($330k), Hough Foundation ($330k) and Water Walkers ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $110k. At year end it held assets of $532k against liabilities of $68k, net assets of $464k. It reported 49 employees.