Ballethnic Dance Company Inc

Analysis

Ballethnic Dance Company Inc is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in November 1990, 36 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 June 2023, Ballethnic Dance Company Inc reported income of $689k and spending of $621k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $327k to $689k (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 201%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballethnic Dance Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Poe Foundation Inc ($688k), The Thriving Cities Group ($689k) and Land Peace Foundation ($688k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $28k. At year end it held assets of $695k against liabilities of $36k, net assets of $659k. It reported 3 employees.