Azara Ballet Inc

Analysis

Azara Ballet Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Azara Ballet Inc reported income of $309k and spending of $156k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $309k (+439%), an average of +439% a year. The sharpest change came in the year to December 2023, when income rose by 439%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Azara Ballet Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Wayne County Childrens Steam Playlab ($309k), Eisenhower High School Dance Team Club ($309k) and Rowland Freedom Center ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $20k (13% of expenses). Other salaries and wages came to $8,144. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.