Opera Maine

Analysis

Opera Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 1995, 31 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 September 2023, Opera Maine reported income of $471k and spending of $516k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $462k to $471k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to September 2021, when income rose by 137%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Maine 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 65th percentile within ME. Charities of a similar size with the same main cause include Citizen Science Association Inc ($471k), Pope County Historical Society ($471k) and Buffalo Media Resources Inc ($471k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $85k (16% of expenses). Other salaries and wages came to $37k. At year end it held assets of $221k against liabilities of $19k, net assets of $202k. It reported 4 employees.