Appalachian Ballet Company

Analysis

Appalachian Ballet Company is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in February 1974, 52 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 June 2024, Appalachian Ballet Company reported income of $632k and spending of $460k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $307k to $632k (+106%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 258%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Appalachian Ballet Company sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Gramercy Park Block Association Inc ($632k), Five Wings Arts Council ($632k) and Persian Cultural Center ($632k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 54% of the total. At year end it held assets of $380k against liabilities of $0, net assets of $380k.