Sierra Nevada Ballet

Analysis

Sierra Nevada Ballet is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2023, Sierra Nevada Ballet reported income of $316k and spending of $348k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $244k to $316k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. 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, Sierra Nevada Ballet sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within NV. Charities of a similar size with the same main cause include Pacific Journal of Mathematics ($316k), The Friends of the Graveyard of the Atlantic Museum ($316k) and Saco River Grange Hall Inc ($316k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $280k against liabilities of $7,851, net assets of $272k.