Ballet Spartanburg Inc

Analysis

Ballet Spartanburg Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in August 1974, 52 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 June 2024, Ballet Spartanburg Inc reported income of $990k and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $876k to $990k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 47%. 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 Spartanburg Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Video Veracity Inc ($990k), Chester County Historical Society ($991k) and Save the Grand Theatre Inc ($990k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $81k (7.7% of expenses). Other salaries and wages came to $431k. At year end it held assets of $981k against liabilities of $89k, net assets of $892k. It reported 28 employees.