Los Angeles Ballet Inc
Los Angeles Ballet Inc. faces recurring operational deficits despite fluctuating revenue, with no reported officer compensation.
EIN: 201819852 · Los Angeles, CA · NTEE: A63 · Updated: 2026-03-28
Is Los Angeles Ballet Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Los Angeles Ballet Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Los Angeles Ballet Inc
Los Angeles Ballet Inc (EIN: 201819852) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code A63. The organization reported total revenue of $5.3M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Los Angeles Ballet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Los Angeles Ballet Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-611,394 |
| Total Assets | $840K |
| Total Liabilities | $785K |
| Net Assets | $55K |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 93.4% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Los Angeles Ballet Inc reported a deficit of $611K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 93.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Los Angeles Ballet Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +16.5% | -32.2% |
| 2022 | +192.1% | +380.8% | +12.5% |
| 2021 | -47.9% | -69.1% | +195.5% |
| 2020 | -18.4% | -17.3% | +100.9% |
| 2019 | +9.7% | -3.0% | +21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Los Angeles Ballet Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Los Angeles Ballet Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $611K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for directing funds towards its mission rather than executive salaries, especially given its latest revenue of $5,308,713.
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 Los Angeles Ballet Inc's IRS 990 filings:
- Recurring operational deficits, such as the $611,394 deficit in 2023.
- Significant fluctuations in revenue and expenses year-over-year, indicating potential instability.
- High liabilities relative to assets in some periods, for example, $785,039 liabilities against $840,463 assets in 2023.
Strengths
The following positive indicators were identified for Los Angeles Ballet Inc:
- Consistent reporting of 0% officer compensation, indicating a potential commitment to mission-focused spending.
- Demonstrated resilience in revenue generation, rebounding from a low of $1.5M in 2021 to over $4M in subsequent years.
- Growth in assets over the long term, from $152,375 in 2018 to over $1M in 2022.
Frequently Asked Questions about Los Angeles Ballet Inc
Is Los Angeles Ballet Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Los Angeles Ballet Inc (EIN: 201819852) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Los Angeles Ballet Inc spend its money?
Los Angeles Ballet Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Los Angeles Ballet Inc tax-deductible?
Los Angeles Ballet Inc is registered as a tax-exempt nonprofit (EIN: 201819852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Los Angeles Ballet Inc. financially stable?
The organization's financial stability is inconsistent, with several years showing operational deficits, including a $611,394 deficit in 2023 ($4.2M revenue vs. $4.8M expenses). While assets have grown over time, liabilities remain significant, suggesting ongoing financial management challenges.
How does Los Angeles Ballet Inc. manage executive compensation?
Los Angeles Ballet Inc. consistently reports 0% officer compensation in its IRS 990 filings, indicating that no compensation is paid to officers or that it is reported under a different category not specified in the provided data.
What is the trend in Los Angeles Ballet Inc.'s assets and liabilities?
Assets have generally increased over the decade, reaching a peak of $1,239,269 in 2022 before decreasing to $840,463 in 2023. Liabilities have also fluctuated but remained substantial, at $785,039 in 2023, indicating a high debt-to-asset ratio in some periods.
Did Los Angeles Ballet Inc. recover financially from the pandemic?
Revenue significantly dropped in 2021 to $1,543,702, likely due to the pandemic, but rebounded to $4,509,467 in 2022. However, 2023 saw another dip in revenue to $4,229,977 and a substantial operational deficit, suggesting a continued recovery process with ongoing challenges.
Filing History
IRS 990 filing history for Los Angeles Ballet Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Los Angeles Ballet Inc's revenue has grown by 408.2%, moving from $832K to $4.2M. Total assets increased by 595.9% over the same period, from $121K to $840K. Total functional expenses rose by 384.3%, from $1000K to $4.8M. In its most recent filing year (2023), Los Angeles Ballet Inc reported a deficit of $611K, with expenses exceeding revenue. The organization holds $785K in liabilities against $840K in assets (debt-to-asset ratio: 93.4%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.8M | $840K | $785K | — | — |
| 2022 | $4.5M | $4.2M | $1.2M | $572K | — | View 990 |
| 2021 | $1.5M | $864K | $1.1M | $789K | — | — |
| 2020 | $3.0M | $2.8M | $373K | $739K | — | View 990 |
| 2019 | $3.6M | $3.4M | $186K | $722K | — | View 990 |
| 2018 | $3.3M | $3.5M | $152K | $946K | — | View 990 |
| 2017 | $2.9M | $2.9M | $224K | $851K | — | View 990 |
| 2016 | $3.1M | $3.7M | $207K | $846K | — | View 990 |
| 2015 | $3.5M | $3.8M | $313K | $400K | — | View 990 |
| 2014 | $3.0M | $2.7M | $546K | $274K | — | View 990 |
| 2013 | $2.3M | $2.3M | $305K | $362K | — | View 990 |
| 2012 | $2.3M | $2.2M | $216K | $245K | — | View 990 |
| 2011 | $832K | $1000K | $121K | $195K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.8M, and assets of $840K (revenue -6.2% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.2M, and assets of $1.2M (revenue +192.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $864K, and assets of $1.1M (revenue -47.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.8M, and assets of $373K (revenue -18.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.4M, and assets of $186K (revenue +9.7% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.5M, and assets of $152K (revenue +12.7% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $224K (revenue -5.9% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.7M, and assets of $207K (revenue -9.8% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.8M, and assets of $313K (revenue +15.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.7M, and assets of $546K (revenue +31.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $305K (revenue +0.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $216K (revenue +170.9% year-over-year).
- 2011: Revenue of $832K, expenses of $1000K, and assets of $121K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Los Angeles Ballet Inc:
Data Sources and Methodology
This transparency report for Los Angeles Ballet Inc 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.