State of Alabama Ballet Inc

Analysis

State of Alabama Ballet Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 1982, 44 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 July 2024, State of Alabama Ballet Inc reported income of $2.2m and spending of $2.5m, spending 109% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $2.0m to $2.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State of Alabama Ballet Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Shell Museum and Educational Foundation Inc ($2.2m), Science Mill ($2.2m) and United Arts Council of Raleigh and Wake County Inc ($2.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 36% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $65k (2.6% of expenses). Other salaries and wages came to $983k. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.9m. It reported 91 employees.