Kingsport Ballet

Analysis

Kingsport Ballet is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in December 1999, 27 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 June 2023, Kingsport Ballet reported income of $367k and spending of $343k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $290k to $367k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kingsport Ballet sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Theorem Media Inc ($367k), Buffalo County Historical Society ($367k) and Exhibit J Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 54% of the total. Other salaries and wages came to $117k. At year end it held assets of $159k against liabilities of $123k, net assets of $36k. It reported 2 employees.