Gulfshore Ballet Inc

Analysis

Gulfshore Ballet Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in February 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gulfshore Ballet Inc reported income of $306k and spending of $297k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $306k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gulfshore Ballet Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Golden Isles Youth Orchestra Inc ($306k), Rockford Dance Co ($306k) and Mandt Community Center Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $123k. At year end it held assets of $202k against liabilities of $3,052, net assets of $199k. It reported 4 employees.