Utah Metropolitan Ballet

Analysis

Utah Metropolitan Ballet is a registered charity in United States, based in Lindon, UT. It received its IRS tax-exemption ruling in April 1985, 41 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 August 2023, Utah Metropolitan Ballet reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $410k to $1.1m (+176%), an average of +29% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Utah Metropolitan Ballet 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 81st percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Constellation Theatre Company ($1.1m), American Society for Bioethics and Humanities ($1.1m) and Watershed NP Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $422k. At year end it held assets of $71k against liabilities of $83k, net assets of -$12k. It reported 18 employees.