Ballet Folklorico Tapatio Non-Profit Corporation

Analysis

Ballet Folklorico Tapatio Non-Profit Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2002, 24 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, Ballet Folklorico Tapatio Non-Profit Corporation reported income of $122k and spending of $119k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $122k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 94% 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 Folklorico Tapatio Non-Profit Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within AZ. Charities of a similar size with the same main cause include Toledo Jazz Festival ($122k), Intersectional Arts Inc ($123k) and Felix Adler Memorial Association ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 9.7% of the total. At year end it held assets of $9,216 against liabilities of $21k, net assets of -$11k.