Nevada Ballet Theatre

Analysis

Nevada Ballet Theatre is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 1977, 49 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 2024, Nevada Ballet Theatre reported income of $7.7m and spending of $6.5m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.1m to $7.7m (+51%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nevada Ballet Theatre sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include American Psychological Foundation Inc ($7.7m), Alaska Public Media Inc ($7.7m) and Indian Pueblo Cultural Center Inc ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $402k (6.1% of expenses). Other salaries and wages came to $2.0m. It paid $42k in professional fundraising fees. At year end it held assets of $14.4m against liabilities of $465k, net assets of $13.9m. It reported 125 employees.