Mountain West Ballet

Analysis

Mountain West Ballet is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, Mountain West Ballet reported income of $215k and spending of $233k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $215k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mountain West Ballet sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within UT. Charities of a similar size with the same main cause include Norway-Vulcan Senior Citizens Cente R Inc ($215k), Truth in Accounting ($215k) and Mountain Falls Apartments Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.