St Augustine Ballet Inc

Analysis

St Augustine Ballet Inc is a registered charity in United States, based in Saint Augustine, FL. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, St Augustine Ballet Inc reported income of $325k and spending of $301k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $253k to $325k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Augustine Ballet Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Indochina Sino-American Senior Citizen Center ($325k), Sherman Community Players ($325k) and Thrift Barns of Morris County ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). At year end it held assets of $72k against liabilities of $65k, net assets of $7,221.