Ballet Arts Inc of Jackson

Analysis

Ballet Arts Inc of Jackson is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in August 1978, 48 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 Arts Inc of Jackson reported income of $282k and spending of $205k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $194k to $282k (+45%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 84% 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 Arts Inc of Jackson sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Live Oak Theatre Company Inc ($282k), Cheshire Childrens Museum ($282k) and Tacoma Youth Chorus ($281k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 69% of the total. Other salaries and wages came to $36k. At year end it held assets of $300k against liabilities of $451, net assets of $299k. It reported 1 employees.