Norway Maine Opera House Corp

Analysis

Norway Maine Opera House Corp is a registered charity in United States, based in Norway, ME. It received its IRS tax-exemption ruling in October 2000, 26 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, Norway Maine Opera House Corp reported income of $135k and spending of $92k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $135k (+254%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 289%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norway Maine Opera House Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 38th percentile within ME. Charities of a similar size with the same main cause include Pgcentral Foundation Inc ($135k), Village Players of Fort Thomas ($135k) and Connect Downtown Johnson City ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $696k against liabilities of $70k, net assets of $626k.