The Tallahassee Ballet Inc

Analysis

The Tallahassee Ballet Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1973, 53 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 July 2023, The Tallahassee Ballet Inc reported income of $891k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $711k to $891k (+25%), an average of +5.8% a year. The sharpest change came in the year to July 2021, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Tallahassee Ballet Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Nami Nevada ($891k), Samuel M Vauclain Fire Company of Leiperville ($891k) and First Presbyterian Church of Durham Day School Incorporated ($891k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $101k (9.8% of expenses). Other salaries and wages came to $247k. At year end it held assets of $710k against liabilities of $0, net assets of $710k. It reported 39 employees.