Goldsboro Civic Ballet Inc

Analysis

Goldsboro Civic Ballet Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Goldsboro Civic Ballet Inc reported income of $72k and spending of $73k, spending 102% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $55k to $72k (+31%), an average of +14% a year. The sharpest change came in the year to May 2024, when income rose by 118%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goldsboro Civic Ballet Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Casino Chip & Gaming Token Collectors Club Inc ($72k), Daughters of the Republic of TX Inc ($72k) and Northeast 3dm Hub ($72k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 43% of the total. At year end it held assets of $22k against liabilities of $215, net assets of $21k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.