Mystic Ballet Inc

Analysis

Mystic Ballet Inc is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mystic Ballet Inc reported income of $993k and spending of $986k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $993k (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mystic Ballet Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Uss Cleveland Legacy Foundation ($992k), Salem Art Association ($994k) and BCT Management Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $2.5m against liabilities of $15k, net assets of $2.5m.