Ballet Arts Inc Of Jackson
EIN: 581313784 · Jackson, TN · NTEE: A63Z
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $205K |
| Net Assets | $299K |
Is Ballet Arts Inc Of Jackson Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ballet Arts Inc Of Jackson
Ballet Arts Inc Of Jackson (EIN: 581313784) is a nonprofit organization based in Jackson, TN, classified under NTEE code A63Z. The organization reported total revenue of $344K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ballet Arts Inc Of Jackson's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ballet Arts Inc Of Jackson is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $205K |
| Surplus / Deficit | +$76K |
| Total Assets | $300K |
| Total Liabilities | $451 |
| Net Assets | $299K |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2024, Ballet Arts Inc Of Jackson reported a surplus of $76K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Ballet Arts Inc Of Jackson's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.2% | +1.4% | +34.2% |
| 2023 | +14.1% | +13.8% | +16.6% |
| 2022 | +108.8% | +40.0% | +4.3% |
| 2021 | -34.8% | -22.7% | -13.1% |
| 2020 | -37.2% | -12.7% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ballet Arts Inc Of Jackson has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ballet Arts Inc Of Jackson with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Ballet Arts Inc Of Jackson
Is Ballet Arts Inc Of Jackson a legitimate charity?
Ballet Arts Inc Of Jackson (EIN: 581313784) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $344K. No red flags identified. Financial health grade: A.
How does Ballet Arts Inc Of Jackson spend its money?
Ballet Arts Inc Of Jackson reported $344K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ballet Arts Inc Of Jackson tax-deductible?
Ballet Arts Inc Of Jackson is registered as a tax-exempt nonprofit (EIN: 581313784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ballet Arts Inc Of Jackson located?
Ballet Arts Inc Of Jackson is headquartered in Jackson, Tennessee and files with the IRS under EIN 581313784. It is classified under NTEE code A63Z.
How many years of IRS 990 filings does Ballet Arts Inc Of Jackson have?
Ballet Arts Inc Of Jackson has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $344K in total revenue.
Filing History
IRS 990 filing history for Ballet Arts Inc Of Jackson showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ballet Arts Inc Of Jackson's revenue has grown by 70.2%, moving from $165K to $282K. Total assets increased by 411.2% over the same period, from $59K to $300K. Total functional expenses rose by 33.2%, from $154K to $205K. In its most recent filing year (2024), Ballet Arts Inc Of Jackson reported a surplus of $76K, with revenue exceeding expenses. The organization holds $451 in liabilities against $300K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $299K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $282K | $205K | $300K | $451 | — | — |
| 2023 | $221K | $203K | $224K | $0 | — | View 990 |
| 2022 | $194K | $178K | $192K | $28K | — | View 990 |
| 2021 | $93K | $127K | $184K | $36K | — | — |
| 2020 | $143K | $164K | $212K | $44K | — | View 990 |
| 2019 | $227K | $188K | $241K | $51K | — | View 990 |
| 2018 | $196K | $215K | $242K | $105K | — | View 990 |
| 2017 | $142K | $138K | $106K | $0 | — | View 990 |
| 2016 | $150K | $144K | $102K | $0 | — | View 990 |
| 2015 | $156K | $161K | $96K | $0 | — | View 990 |
| 2014 | $182K | $146K | $101K | $0 | — | View 990 |
| 2013 | $135K | $128K | $65K | $0 | — | View 990 |
| 2012 | $165K | $154K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $282K, expenses of $205K, and assets of $300K (revenue +27.2% year-over-year).
- 2023: Revenue of $221K, expenses of $203K, and assets of $224K (revenue +14.1% year-over-year).
- 2022: Revenue of $194K, expenses of $178K, and assets of $192K (revenue +108.8% year-over-year).
- 2021: Revenue of $93K, expenses of $127K, and assets of $184K (revenue -34.8% year-over-year).
- 2020: Revenue of $143K, expenses of $164K, and assets of $212K (revenue -37.2% year-over-year).
- 2019: Revenue of $227K, expenses of $188K, and assets of $241K (revenue +16.1% year-over-year).
- 2018: Revenue of $196K, expenses of $215K, and assets of $242K (revenue +37.8% year-over-year).
- 2017: Revenue of $142K, expenses of $138K, and assets of $106K (revenue -5.1% year-over-year).
- 2016: Revenue of $150K, expenses of $144K, and assets of $102K (revenue -4.3% year-over-year).
- 2015: Revenue of $156K, expenses of $161K, and assets of $96K (revenue -14.2% year-over-year).
- 2014: Revenue of $182K, expenses of $146K, and assets of $101K (revenue +35.2% year-over-year).
- 2013: Revenue of $135K, expenses of $128K, and assets of $65K (revenue -18.6% year-over-year).
- 2012: Revenue of $165K, expenses of $154K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ballet Arts Inc Of Jackson:
Data Sources and Methodology
This transparency report for Ballet Arts Inc Of Jackson is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.