Mississippi Metropolitan Ballet

Analysis

Mississippi Metropolitan Ballet is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in December 1998, 28 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 July 2023, Mississippi Metropolitan Ballet reported income of $332k and spending of $330k, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $259k to $332k (+28%), an average of +6.4% a year. The sharpest change came in the year to July 2022, when income rose by 61%. 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, Mississippi Metropolitan Ballet sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Artworks for Milwaukee Inc ($332k), Friends of Linden Hill Inc ($332k) and Performing Arts Academy of New Braunfels Inc ($332k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $99k (30% of expenses). At year end it held assets of $151k against liabilities of $644, net assets of $150k. It reported 4 employees.