Chattanooga Ballet Inc

Analysis

Chattanooga Ballet Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 May 2024, Chattanooga Ballet Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $486k to $1.0m (+113%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chattanooga Ballet Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Brattleboro Area Hospice ($1.0m), Melrose Villa Hermosa Housing Development Fund Company Inc ($1.0m) and Bhaktivedanta Book Trust- International ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $277k (27% of expenses). Other salaries and wages came to $279k. At year end it held assets of $660k against liabilities of $27k, net assets of $633k. It reported 14 employees.