Mobile Ballet Inc

Analysis

Mobile Ballet Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mobile Ballet Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $983k to $1.1m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 79%. 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, Mobile Ballet Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Bayarts ($1.1m), Greater Englewood Community Development Corporation ($1.1m) and LA Comida Senior Nutrition ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. Other salaries and wages came to $415k. At year end it held assets of $1.4m against liabilities of $720k, net assets of $698k. It reported 29 employees.