Palmetto City Ballet
EIN: 465203899 · Mt Pleasant, SC · NTEE: A63
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $126K |
| Net Assets | $230K |
Is Palmetto City Ballet Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto City Ballet
Palmetto City Ballet (EIN: 465203899) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code A63. The organization reported total revenue of $218K and total assets of $278K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto City Ballet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto City Ballet is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $126K |
| Surplus / Deficit | +$61K |
| Total Assets | $230K |
| Net Assets | $230K |
| Operating Margin | 32.4% |
| Months of Reserves | 21.9 months |
Financial Health Grade: A
In 2024, Palmetto City Ballet reported a surplus of $61K with revenue exceeding expenses, holds 21.9 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Palmetto City Ballet's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.4% | +16.5% | +35.6% |
| 2023 | +17.9% | +39.9% | +55.9% |
| 2022 | +149.0% | +19.7% | +154.1% |
| 2021 | -39.6% | +36.5% | -14.3% |
| 2020 | +29.5% | -47.2% | +2318.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto City Ballet 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 Palmetto City Ballet 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 $61K, with revenue exceeding expenses.
Frequently Asked Questions about Palmetto City Ballet
Is Palmetto City Ballet a legitimate charity?
Palmetto City Ballet (EIN: 465203899) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $218K. No red flags identified. Financial health grade: A.
How does Palmetto City Ballet spend its money?
Palmetto City Ballet reported $218K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Palmetto City Ballet tax-deductible?
Palmetto City Ballet is registered as a tax-exempt nonprofit (EIN: 465203899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto City Ballet located?
Palmetto City Ballet is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 465203899. It is classified under NTEE code A63.
How many years of IRS 990 filings does Palmetto City Ballet have?
Palmetto City Ballet has 10 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 $218K in total revenue.
Filing History
IRS 990 filing history for Palmetto City Ballet showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Palmetto City Ballet's revenue has grown by 590.3%, moving from $27K to $187K. Total assets increased by 3843.9% over the same period, from $6K to $230K. Total functional expenses rose by 495.1%, from $21K to $126K. In its most recent filing year (2024), Palmetto City Ballet reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $187K | $126K | $230K | $0 | — | — |
| 2023 | $169K | $109K | $170K | $0 | — | View 990 |
| 2022 | $144K | $78K | $109K | $0 | — | View 990 |
| 2021 | $58K | $65K | $43K | $0 | — | View 990 |
| 2020 | $95K | $48K | $50K | $0 | — | View 990 |
| 2019 | $74K | $90K | $2K | $0 | — | View 990 |
| 2018 | $105K | $89K | $18K | $0 | — | View 990 |
| 2017 | $82K | $86K | $2K | $0 | — | View 990 |
| 2016 | $144K | $134K | $10K | $0 | — | View 990 |
| 2015 | $27K | $21K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $187K, expenses of $126K, and assets of $230K (revenue +10.4% year-over-year).
- 2023: Revenue of $169K, expenses of $109K, and assets of $170K (revenue +17.9% year-over-year).
- 2022: Revenue of $144K, expenses of $78K, and assets of $109K (revenue +149.0% year-over-year).
- 2021: Revenue of $58K, expenses of $65K, and assets of $43K (revenue -39.6% year-over-year).
- 2020: Revenue of $95K, expenses of $48K, and assets of $50K (revenue +29.5% year-over-year).
- 2019: Revenue of $74K, expenses of $90K, and assets of $2K (revenue -29.7% year-over-year).
- 2018: Revenue of $105K, expenses of $89K, and assets of $18K (revenue +27.3% year-over-year).
- 2017: Revenue of $82K, expenses of $86K, and assets of $2K (revenue -42.6% year-over-year).
- 2016: Revenue of $144K, expenses of $134K, and assets of $10K (revenue +430.1% year-over-year).
- 2015: Revenue of $27K, expenses of $21K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto City Ballet:
Data Sources and Methodology
This transparency report for Palmetto City Ballet 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.