Coastal Youth Ballet Theatre

Analysis

Coastal Youth Ballet Theatre is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in December 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coastal Youth Ballet Theatre reported income of $191k and spending of $170k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $191k (+17%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coastal Youth Ballet Theatre sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Royal Cavaliers Performing Arts ($191k), Port Warwick Foundation ($191k) and Central Executive Committee of Odwu Inc ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. At year end it held assets of $89k against liabilities of $143, net assets of $89k.