Peninsula Ballet Theatre

Analysis

Peninsula Ballet Theatre is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in April 1967, 59 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, Peninsula Ballet Theatre reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $787k to $1.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 412%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Ballet Theatre 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 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Minnesota Dance Theatre & the Dance Institute ($1.1m), Grandworks Foundation ($1.1m) and Think 360 Arts for Learning Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 70% of the total. Other salaries and wages came to $244k. At year end it held assets of $955k against liabilities of $538k, net assets of $418k. It reported 17 employees.