Ballet Vero Beach Inc

Analysis

Ballet Vero Beach Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in June 2014, 12 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 May 2024, Ballet Vero Beach Inc reported income of $624k and spending of $581k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $290k to $624k (+115%), an average of +21% a year. The sharpest change came in the year to May 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Vero Beach 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 76th percentile within FL. Charities of a similar size with the same main cause include After School Arts Program Inc ($624k), Canopy Studio Inc ($624k) and Standards Coordinating Body for Gene Cell and Regenerative Medicin ($624k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $242k (42% of expenses). Other salaries and wages came to $122k. At year end it held assets of $495k against liabilities of $57k, net assets of $438k. It reported 6 employees.