Tacoma City Ballet

Analysis

Tacoma City Ballet is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in November 1996, 30 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 August 2023, Tacoma City Ballet reported income of $786k and spending of $840k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $512k to $786k (+54%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 102%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma City Ballet sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Institutes for Journalism & Natural Resources ($786k), Brazos 2020 Vision Inc ($786k) and Thousand Islands Performing Artsfund Inc ($786k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $76k (9.0% of expenses). Other salaries and wages came to $113k. At year end it held assets of $1.1m against liabilities of $160k, net assets of $977k. It reported 11 employees.