Tupelo Ballet Inc

Analysis

Tupelo Ballet Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in January 1984, 42 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 2024, Tupelo Ballet Inc reported income of $238k and spending of $227k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $229k to $238k (+3.6%), an average of +3.6% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tupelo Ballet Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include South Lake Soccer Club Inc ($238k), Benjamin Volen Charitable Trust ($238k) and Orange County Justice Fund ($238k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 57% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.