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Arts, Culture & Humanities · 2023 Form 990

San Francisco Ballet Association: $59.8M Revenue, $60.8M Expenses

San Francisco, California · EIN 941415298 · Filing year 2023

San Francisco Ballet Association reported $59.8M in total revenue, $60.8M in total expenses, and $38.4M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $2.1M (3.59% of revenue). NonprofitTruth efficiency grade: B (72/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
72/100

Key Facts (2023 Form 990)

Total Revenue
$59.8M
Total Expenses
$60.8M
Total Assets
$38.4M
Reserve Months
7.6 months
Surplus / (Deficit)
$-1,001,845
EIN
941415298
Latest 990 Year
2023
Current-Officer Compensation
$2.1M
Officer Comp % of Revenue
3.59%

San Francisco Ballet Association grades a B on the NonprofitTruth efficiency rubric. 72/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

San Francisco Ballet Association reported $59.8M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the reserves factor, San Francisco Ballet Association scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Five-year revenue has grown modestly. San Francisco Ballet Association is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Compensation for current officers and key employees runs $2.1M against $59.8M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. San Francisco Ballet Association sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$59.8M
Revenue
$60.8M
Expenses
$38.4M
Total Assets
$2.1M
Officer Compensation

How San Francisco Ballet Association Compares

San Francisco Ballet Association earns a NonprofitTruth efficiency grade of B (72/100). That is 16 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 3.59% of total revenue. The organization holds 7.6 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$60.8M
Total Expenses
Filing year 2023
$2.1M
Officer Compensation
3.59% of revenue
7.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, San Francisco Ballet Association reported $59.8M in revenue against $60.8M in total functional expenses for filing year 2023, holding roughly 7.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $2.1M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 3.59% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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San Francisco Ballet Association has a NonprofitTruth Efficiency Score of B (72/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

San Francisco Ballet Association, Donor FAQ

San Francisco Ballet Association has a NonprofitTruth Efficiency Score of B (72/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

San Francisco Ballet Association reports $2.1M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 3.59% of the organization's $59.8M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

San Francisco Ballet Association reported $59.8M in annual revenue and $60.8M in total expenses for filing year 2023. The organization holds $38.4M in total assets.

San Francisco Ballet Association holds approximately 7.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

San Francisco Ballet Association is a registered 501(c) organization with EIN 941415298, based in San Francisco, California. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.