Classical Ballet of Mobile Inc

Analysis

Classical Ballet of Mobile Inc is a registered charity in United States, based in Mobile, AL. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Classical Ballet of Mobile Inc reported income of $276k and spending of $259k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $246k to $276k (+12%), an average of +12% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classical Ballet of Mobile Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include Uil Region 20 Music ($276k), Cedarburg Art Museum & Society Inc ($276k) and United Abolitionists Inc ($276k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $118k. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 1 employees.