Golden State Ballet Foundation

Analysis

Golden State Ballet Foundation is a registered charity in United States, based in San Diego, CA. 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 (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, Golden State Ballet Foundation reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $798k to $1.2m (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden State Ballet Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Erie Civic Theatre Association ($1.2m), Human Cell Atlas Inc ($1.2m) and Lantern Theater Company ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $186k (14% of expenses). Other salaries and wages came to $142k. At year end it held assets of $639k against liabilities of $346k, net assets of $293k. It reported 26 employees.