Ballet Mississippi Inc

Analysis

Ballet Mississippi Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 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 2023, Ballet Mississippi Inc reported income of $682k and spending of $610k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $554k to $682k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 156%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet Mississippi Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include Net-Works Laguna Beach ($682k), Prince of Peace Center ($682k) and Lanier Technical College Foundation Inc ($682k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $124k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $656k. It reported 14 employees.