Civic Ballet

Analysis

Civic Ballet is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in December 2017, 9 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 July 2024, Civic Ballet reported income of $80k and spending of $79k, spending 98% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $82k to $80k (-1.5%), an average of -1.5% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Civic Ballet sits at the 35th percentile: it is larger than about 35% 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 Greater Lansing Potters Guild ($80k), Kennedy Performing Arts Boosters ($80k) and Santa Maria Valley Historical Society ($80k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.