Los Angeles Ballet Inc

Organization Overview

Los Angeles Ballet Inc is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Los Angeles Ballet Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Ballet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Los Angeles Ballet Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCE IN LOS ANGELES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THIS FISCAL YEAR, LAB RETURNED TO SUCCESSFUL LIVE IN-PERSON LIVE PERFORMANCE AND EVENTS.DUE TO THE COVID-19 PANDEMIC, RETURN TO LIVE PERFORMANCE REQUIRED EXTENSIVE SAFETY MEASURES, INCLUDING REGULAR DANCER TESTING AND REQUIRING AUDIENCE MEMBERS TO WEAR MASKS. LAB SUCCESSFULLY NAVIGATED THE CHALLENGES, AND IN SPITE OF SEVERAL CANCELLED PERFORMANCES DUE TO COVID-19 DISRUPTION, THE SEASON ENDED WITH STRONG TICKET SALES."FREE A CHANCE TO DANCE COMMUNITY DANCE CLASSES RETURNED TO IN-PERSON, IN ADDITION TO CONTINUED ONLINE ACCESS. TWO DAYS OF CLASSES WERE HELD AT THE BALLET CENTER EACH MONTH, SERVING 150-200 COMMUNITY MEMBERS FROM AGES 6-70.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,086,504
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,008,859
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,095,363
Total Program Service Revenue$1,299,048
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $101,076
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$30,827
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $44,807
Miscellaneous Revenue$0
Total Revenue $4,509,467

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