Ballroom Cultural Arts Foundation
Ballroom Cultural Arts Foundation consistently operates at a deficit, spending more than it earns in most recent years.
EIN: 200126402 · Marfa, TX · NTEE: A40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| Net Assets | $739K |
| Transparency Score | 65/100 |
Is Ballroom Cultural Arts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ballroom Cultural Arts Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ballroom Cultural Arts Foundation
Ballroom Cultural Arts Foundation (EIN: 200126402) is a nonprofit organization based in Marfa, TX, classified under NTEE code A40. The organization reported total revenue of $1.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballroom Cultural Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballroom Cultural Arts Foundation is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $818K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-312,869 |
| Total Assets | $1.1M |
| Total Liabilities | $358K |
| Net Assets | $739K |
| Operating Margin | -38.2% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Ballroom Cultural Arts Foundation reported a deficit of $313K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Ballroom Cultural Arts Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +0.4% | -20.5% |
| 2022 | -21.4% | -10.1% | -3.0% |
| 2021 | +23.0% | +6.5% | +90.8% |
| 2020 | -48.0% | -6.5% | -23.3% |
| 2019 | +91.4% | +21.6% | +136.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ballroom Cultural Arts Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Ballroom Cultural Arts Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $313K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer executive leadership or that executive compensation is categorized under other expense lines, which would require further detail to fully assess administrative efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ballroom Cultural Arts Foundation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., $312,869 deficit in 2023).
- Significant decrease in assets from $1,422,501 in 2021 to $1,096,872 in 2023, potentially due to covering deficits.
- Unclear reporting of executive compensation, consistently listed as 0%, which may obscure true leadership costs.
Strengths
The following positive indicators were identified for Ballroom Cultural Arts Foundation:
- Consistent filing of IRS Form 990s, demonstrating transparency over 12 periods.
- Assets generally exceed liabilities, indicating some financial stability despite operational deficits (e.g., $1,096,872 assets vs. $358,362 liabilities in 2023).
- Clear mission alignment with NTEE code A40 (Arts, Culture, Humanities).
Frequently Asked Questions about Ballroom Cultural Arts Foundation
Is Ballroom Cultural Arts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ballroom Cultural Arts Foundation (EIN: 200126402) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Ballroom Cultural Arts Foundation spend its money?
Ballroom Cultural Arts Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ballroom Cultural Arts Foundation tax-deductible?
Ballroom Cultural Arts Foundation is registered as a tax-exempt nonprofit (EIN: 200126402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ballroom Cultural Arts Foundation's spending goes to programs?
Ballroom Cultural Arts Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Ballroom Cultural Arts Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ballroom Cultural Arts Foundation is above average for NTEE category A40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ballroom Cultural Arts Foundation located?
Ballroom Cultural Arts Foundation is headquartered in Marfa, Texas and files with the IRS under EIN 200126402. It is classified under NTEE code A40.
How many years of IRS 990 filings does Ballroom Cultural Arts Foundation have?
Ballroom Cultural Arts Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is Ballroom Cultural Arts Foundation financially sustainable given its consistent operational deficits?
The organization has consistently spent more than its revenue in recent years (e.g., $1,130,988 expenses vs. $818,119 revenue in 2023), leading to operational deficits. While current assets ($1,096,872 in 2023) provide a buffer, this trend is not sustainable long-term without increased revenue or reduced expenses.
How does the organization cover its operational deficits?
The deficits are likely covered by drawing down on accumulated assets or through other non-operating income sources not detailed in the provided summary. For example, assets decreased from $1,380,148 in 2022 to $1,096,872 in 2023, partially offsetting the deficit.
What is the true cost of executive leadership if officer compensation is reported as 0%?
If officer compensation is genuinely 0%, it implies a volunteer-led executive team. However, it's also possible that executive salaries are reported under other expense categories (e.g., program or administrative staff), which would make the 0% figure misleading for assessing leadership costs.
Filing History
IRS 990 filing history for Ballroom Cultural Arts Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ballroom Cultural Arts Foundation's revenue has declined by 21.2%, moving from $1.0M to $818K. Total assets decreased by 12.4% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 21.2%, from $933K to $1.1M. In its most recent filing year (2023), Ballroom Cultural Arts Foundation reported a deficit of $313K, with expenses exceeding revenue. The organization holds $358K in liabilities against $1.1M in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $739K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $818K | $1.1M | $1.1M | $358K | — | — |
| 2022 | $916K | $1.1M | $1.4M | $329K | — | View 990 |
| 2021 | $1.2M | $1.3M | $1.4M | $148K | — | View 990 |
| 2020 | $947K | $1.2M | $746K | $118K | — | — |
| 2019 | $1.8M | $1.3M | $972K | $27K | — | View 990 |
| 2018 | $952K | $1.0M | $410K | $30K | — | View 990 |
| 2017 | $1.4M | $1.1M | $474K | $12K | — | View 990 |
| 2016 | $839K | $1.2M | $251K | $127K | — | View 990 |
| 2015 | $1.3M | $1.0M | $498K | $27K | — | View 990 |
| 2014 | $655K | $1.6M | $289K | $55K | — | View 990 |
| 2013 | $1.6M | $1.2M | $1.3M | $124K | — | View 990 |
| 2012 | $1.0M | $933K | $1.3M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $818K, expenses of $1.1M, and assets of $1.1M (revenue -10.7% year-over-year).
- 2022: Revenue of $916K, expenses of $1.1M, and assets of $1.4M (revenue -21.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $1.4M (revenue +23.0% year-over-year).
- 2020: Revenue of $947K, expenses of $1.2M, and assets of $746K (revenue -48.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.3M, and assets of $972K (revenue +91.4% year-over-year).
- 2018: Revenue of $952K, expenses of $1.0M, and assets of $410K (revenue -33.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.1M, and assets of $474K (revenue +70.6% year-over-year).
- 2016: Revenue of $839K, expenses of $1.2M, and assets of $251K (revenue -33.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.0M, and assets of $498K (revenue +93.2% year-over-year).
- 2014: Revenue of $655K, expenses of $1.6M, and assets of $289K (revenue -58.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $1.3M (revenue +51.8% year-over-year).
- 2012: Revenue of $1.0M, expenses of $933K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballroom Cultural Arts Foundation:
Data Sources and Methodology
This transparency report for Ballroom Cultural Arts Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.