Long Beach Ballet Arts Center

Analysis

Long Beach Ballet Arts Center is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Long Beach Ballet Arts Center reported income of $2.6m and spending of $2.4m, spending 95% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.6m (+31%), an average of +9.3% a year. The sharpest change came in the year to August 2023, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Beach Ballet Arts Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Empower Somerset Inc ($2.6m), Ronald McDonald House at the Maria Fareri Childrens Hospital Inc ($2.6m) and Kentucky Humanities Council Inc University of Kentucky ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $375k (15% of expenses). Other salaries and wages came to $674k. At year end it held assets of $510k against liabilities of $0, net assets of $510k. It reported 92 employees.