Oceanica Ballet Inc

Analysis

Oceanica Ballet Inc is a registered charity in United States, based in El Granada, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Oceanica Ballet Inc reported income of $169k and spending of $187k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $169k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oceanica Ballet Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Creative Expressions Dance Studio Inc ($169k), Angeles Chorale ($169k) and Dorothy Molter Memorial Foundation ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.2% of the total. At year end it held assets of $73k against liabilities of $61, net assets of $73k.