Eugene Ballet

Analysis

Eugene Ballet is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in October 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eugene Ballet reported income of $3.0m and spending of $3.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.0m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 52%. 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, Eugene Ballet sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Tri-State Christian TV ($3.0m), Miami Valley Public Media Inc ($3.0m) and Yankee Air Force Incorporated ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $176k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.5m against liabilities of $3.4m, net assets of $5.1m. It reported 72 employees.