Friends of the Chico Community Ballet Inc

Analysis

Friends of the Chico Community Ballet Inc is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2024, Friends of the Chico Community Ballet Inc reported income of $164k and spending of $150k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $113k to $164k (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Chico Community Ballet Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Beaver County Historical Research ($164k), Steele Cooperative Preschool ($164k) and PTA California Congress of Parents Teachers & Students Inc ($164k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 60% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.