Ann Brodies Carolina Ballet

Analysis

Ann Brodies Carolina Ballet is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 2023, Ann Brodies Carolina Ballet reported income of $271k and spending of $274k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $348k to $271k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ann Brodies Carolina 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 60th percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Monarch Preschool Inc ($271k), Sentinel Group ($271k) and Society for Protestant Reformed Education in Lynden ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). Other salaries and wages came to $76k. At year end it held assets of $18k against liabilities of $2,721, net assets of $15k. It reported 20 employees.

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.