Ballet Pensacola Inc

Analysis

Ballet Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in April 1981, 45 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, Ballet Pensacola Inc reported income of $907k and spending of $975k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $844k to $907k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 90% 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 Pensacola Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Liga Estudiantes de Arte de San Juan Inc P O Box 5181 ($907k), Avenue of the Arts Inc ($907k) and Mabee-Gerrer Museum of Art Inc ($907k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $60k (6.2% of expenses). Other salaries and wages came to $437k. At year end it held assets of $696k against liabilities of $194k, net assets of $502k. It reported 35 employees.