South Carolina Ballet Inc

Analysis

South Carolina Ballet Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1976, 50 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 March 2023, South Carolina Ballet Inc reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.7m to $1.7m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina Ballet Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Military Aviation Museum ($1.7m), Theatre Lab ($1.7m) and Yestermorrow Inc ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $115k (8.1% of expenses). Other salaries and wages came to $594k. At year end it held assets of $592k against liabilities of $204k, net assets of $388k. It reported 13 employees.