Community Ballet Association of Huntsville Inc

Analysis

Community Ballet Association of Huntsville Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 1965, 61 years ago. 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, Community Ballet Association of Huntsville Inc reported income of $953k and spending of $1.0m, spending 106% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $934k to $953k (+2.0%), an average of +1.0% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Ballet Association of Huntsville Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include Gear Research Institute ($953k), ALS New Mexico ($953k) and Palmyra Ambulance Association of Palmyra NJ ($952k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $391k. At year end it held assets of $1.2m against liabilities of $358k, net assets of $889k. It reported 50 employees.