Springfield Ballet Inc

Analysis

Springfield Ballet Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in January 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Springfield Ballet Inc reported income of $623k and spending of $582k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $459k to $623k (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Ballet Inc 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 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Chippewa Valley Cultural Association Inc ($623k), High Point Arts Council Inc ($623k) and Intercultural Networks Inc ($623k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $300k. At year end it held assets of $849k against liabilities of $35k, net assets of $814k. It reported 14 employees.