Opera House Arts

Analysis

Opera House Arts is a registered charity in United States, based in Stonington, ME. It received its IRS tax-exemption ruling in November 1999, 27 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 October 2023, Opera House Arts reported income of $738k and spending of $858k, spending 116% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $929k to $738k (-21%), an average of -5.6% a year. The sharpest change came in the year to October 2021, when income rose by 57%. Over the whole period it spent 101% 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 House Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Lincoln Media Foundation Inc ($738k), Friends of the Drexel ($738k) and Open Book ($737k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $89k (10% of expenses). Other salaries and wages came to $333k. At year end it held assets of $2.0m against liabilities of $128k, net assets of $1.9m. It reported 37 employees.