Columbia Classical Ballet Co

Analysis

Columbia Classical Ballet Co is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1992, 34 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 2024, Columbia Classical Ballet Co reported income of $382k and spending of $545k, spending 143% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $596k to $382k (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 59%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbia Classical Ballet Co sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Amity Charitable Trust Fund ($382k), Shullsburg Memorial Hospital Assn ($382k) and Delaware Safety Council Inc ($382k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $45k. At year end it held assets of $2,778 against liabilities of $342k, net assets of -$339k. It reported 2 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.