Ballet Folklorico Del Pacifico

Analysis

Ballet Folklorico Del Pacifico is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, Ballet Folklorico Del Pacifico reported income of $136k and spending of $114k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $136k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Folklorico Del Pacifico sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Woodbine Main Street - Chamber ($136k), Faust Park Foundation ($136k) and New England Steam Corp ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.