Ballet West

Analysis

Ballet West is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1963, 63 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 July 2024, Ballet West reported income of $21.2m and spending of $18.3m, spending 86% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $13.5m to $21.2m (+57%), an average of +9.4% a year. The sharpest change came in the year to July 2021, when income rose by 27%. Over the whole period it spent 86% 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 West sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Jazz at Aspen-Snowmass ($21.2m), Childrens Museum Inc ($21.2m) and Friends of the High Line Inc ($21.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 46% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $1.1m (6.0% of expenses). Other salaries and wages came to $7.3m. It paid $42k in professional fundraising fees. At year end it held assets of $27.2m against liabilities of $9.0m, net assets of $18.3m. It reported 638 employees.