State Street Ballet

Analysis

State Street Ballet is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, State Street Ballet reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Street Ballet sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Muncie Civic Theatre Association ($1.9m), Rooftop Films Inc ($1.9m) and Womens Earth and Climate Action Network ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $223k (12% of expenses). Other salaries and wages came to $587k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 40 employees.