Berkeley Ballet Theatre Inc

Analysis

Berkeley Ballet Theatre Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1981, 45 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 August 2023, Berkeley Ballet Theatre Inc reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $970k to $1.7m (+70%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 78%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Berkeley Ballet Theatre Inc sits at the 90th percentile: it is larger than about 90% 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 The Cahoon Museum of American Art Inc ($1.7m), National Sprint Car Hall of Fame & Museum Foundation Inc ($1.7m) and G a F Society ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $56k (3.5% of expenses). Other salaries and wages came to $761k. At year end it held assets of $449k against liabilities of $116k, net assets of $333k. It reported 63 employees.