Charleston Ballet Inc

Analysis

Charleston Ballet Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in February 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 May 2023, Charleston Ballet Inc reported income of $351k and spending of $352k, spending 100% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $334k to $351k (+5.1%), an average of +1.7% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston Ballet Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WV. Charities of a similar size with the same main cause include Mrens NFP ($351k), Ketchikan Area Arts and Humanities Council Inc ($351k) and Bay City Players Inc ($351k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $40k. It paid $18k in professional fundraising fees. At year end it held assets of $477k against liabilities of $0, net assets of $477k. It reported 6 employees.