Leaps of Faith Ballet Ministry

Analysis

Leaps of Faith Ballet Ministry is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 December 2023, Leaps of Faith Ballet Ministry reported income of $64k and spending of $59k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $64k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leaps of Faith Ballet Ministry sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within MS. Charities of a similar size with the same main cause include St Andrew Tower Inc ($64k), Dothan Police Foundation Inc ($64k) and Together with Hill Country Veterans ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $30k against liabilities of $42, net assets of $30k.