Civic Ballet of San Luis Obispo Inc

Analysis

Civic Ballet of San Luis Obispo Inc is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in February 1979, 47 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 2023, Civic Ballet of San Luis Obispo Inc reported income of $205k and spending of $186k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $382k to $205k (-46%), an average of -46% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Civic Ballet of San Luis Obispo Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Michigan Supreme Court Historical Society Inc ($205k), Sweet Home Alumni Foundation ($205k) and Eagles Wings Ministries ($205k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $44k (24% of expenses). At year end it held assets of $255k against liabilities of $0, net assets of $255k. It reported 1 employees.