Palo Alto Ballet Incorporated

Analysis

Palo Alto Ballet Incorporated is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 May 2023, Palo Alto Ballet Incorporated reported income of $1.6m and spending of $1.2m, leaving 28% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.1m to $1.6m (+46%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 69%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palo Alto Ballet Incorporated 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 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include North Carolina Association of Black Lawyer Land Loss Prevention Projec ($1.6m), Sumter United Ministries ($1.6m) and Presbyterian Church Day Care Center Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $140k (12% of expenses). Other salaries and wages came to $363k. At year end it held assets of $1.1m against liabilities of $34k, net assets of $1.1m. It reported 31 employees.