Pacific Festival Ballet

Analysis

Pacific Festival Ballet is a registered charity in United States, based in Westlake Village, CA. It received its IRS tax-exemption ruling in December 2000, 26 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, Pacific Festival Ballet reported income of $598k and spending of $625k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $598k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Festival Ballet sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Theatre West Inc ($598k), Allegheny Institute for Public Policy ($598k) and San Diego Sports Association ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $137k (22% of expenses). Other salaries and wages came to $69k. At year end it held assets of $460k against liabilities of $1,262, net assets of $459k. It reported 2 employees.