Mississippi Gulf Coast Ballet Theatre

Analysis

Mississippi Gulf Coast Ballet Theatre is a registered charity in United States, based in Diberville, MS. It received its IRS tax-exemption ruling in February 2017, 9 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, Mississippi Gulf Coast Ballet Theatre reported income of $81k and spending of $52k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $126k to $81k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi Gulf Coast Ballet Theatre sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MS. Charities of a similar size with the same main cause include Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($81k), Care Share Mission of San Jacinto County Inc ($81k) and PTA Oklahoma Congress ($81k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $8,921 against liabilities of $0, net assets of $8,921.