Georgia Ballet Inc

Analysis

Georgia Ballet Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in February 1981, 45 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, Georgia Ballet Inc reported income of $588k and spending of $788k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $592k to $588k (-0.6%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Ballet Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Devil Pups Inc ($588k), Fluvanna-Louisa Housing Foundation ($588k) and Beulah Grove Community Resource Center Inc ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $98k (12% of expenses). Other salaries and wages came to $382k. At year end it held assets of $901k against liabilities of $833k, net assets of $68k. It reported 8 employees.