Florida Ballet at Jacksonville Inc

Analysis

Florida Ballet at Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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 2023, Florida Ballet at Jacksonville Inc reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $746k to $1.3m (+69%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Ballet at Jacksonville Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Covenant Missions ($1.3m), Boston Library Consortium ($1.3m) and Nami North Carolina Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $119k. At year end it held assets of $1.7m against liabilities of $1.3m, net assets of $388k. It reported 27 employees.