Palmetto City Ballet

Analysis

Palmetto City Ballet is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in March 2015, 11 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, Palmetto City Ballet reported income of $187k and spending of $126k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $169k to $187k (+10%), an average of +10% a year. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palmetto City Ballet sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Bisno Schall Clock Gallery Foundation ($187k), Yale University Dramatic Association Inc ($187k) and Stagegr ($187k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 83% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.