Gwinnett Ballet Theatre Inc

Analysis

Gwinnett Ballet Theatre Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in May 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Gwinnett Ballet Theatre Inc reported income of $276k and spending of $271k, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $400k to $276k (-31%), an average of -8.9% a year. The sharpest change came in the year to July 2023, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gwinnett Ballet Theatre Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Nova Center for the Performing Arts Inc ($276k), Talbot County Arts Council Inc ($276k) and Yucca Valley Material Lab Incorporated ($276k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Other salaries and wages came to $3,740. At year end it held assets of $21k against liabilities of $52k, net assets of -$31k. It reported 3 employees.