Central Florida Ballet Inc

Analysis

Central Florida Ballet Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central Florida Ballet Inc reported income of $662k and spending of $689k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $662k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Florida Ballet 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 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Rockford Area Arts Council ($662k), Behringer-Crawford Museum Board of Trustees ($662k) and North Pole Studio ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $65k (9.4% of expenses). Other salaries and wages came to $135k. At year end it held assets of $864k against liabilities of $381k, net assets of $484k. It reported 5 employees.