Naples Ballet and Company Inc

Analysis

Naples Ballet and Company Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in October 2020, 6 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Naples Ballet and Company Inc reported income of $460k and spending of $413k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $235k to $460k (+96%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Naples Ballet and Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include National Association of Buffalo Soldiers and Troopers Motorcycle C ($460k), Community Actors of South Texas ($460k) and Young Artists Conservatory of Music ($460k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $85k (21% of expenses). Other salaries and wages came to $80k. At year end it held assets of $82k against liabilities of $3,854, net assets of $79k. It reported 6 employees.