Smuin Ballets-Sf

Analysis

Smuin Ballets-Sf is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2023, Smuin Ballets-Sf reported income of $3.8m and spending of $4.3m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $3.8m (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smuin Ballets-Sf sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Pioneer Center for the Performing Arts ($3.8m), Childrens Museum of the Upstate Inc ($3.8m) and National Society of the Colonial Dames of America ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $142k (3.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $9.6m against liabilities of $236k, net assets of $9.4m. It reported 80 employees.