Lebanon Opera House Improvement Corporation

Analysis

Lebanon Opera House Improvement Corporation is a registered charity in United States, based in Lebanon, NH. It received its IRS tax-exemption ruling in January 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lebanon Opera House Improvement Corporation reported income of $3.0m and spending of $1.3m, leaving 57% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $893k to $3.0m (+241%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lebanon Opera House Improvement Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NH. Charities of a similar size with the same main cause include American Museum in Bath ($3.0m), Cincinnati Museums Foundation ($3.0m) and Multicultural AIDS Coalition Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $112k (8.6% of expenses). Other salaries and wages came to $400k. At year end it held assets of $3.8m against liabilities of $286k, net assets of $3.5m. It reported 51 employees.