Pegasus Contemporary Ballet

Analysis

Pegasus Contemporary Ballet is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pegasus Contemporary Ballet reported income of $194k and spending of $210k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $194k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pegasus Contemporary Ballet sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Roxy Ann Gem & Mineral Inc ($194k), Summertrios Incorporated ($194k) and Museum of Art and Digital Entertainment ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $107k against liabilities of $500, net assets of $107k.