Friends of the Vergennes Opera House Inc

Analysis

Friends of the Vergennes Opera House Inc is a registered charity in United States, based in Vergennes, VT. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2024, Friends of the Vergennes Opera House Inc reported income of $229k and spending of $76k, leaving 67% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $110k to $229k (+108%), an average of +108% a year. The sharpest change came in the year to June 2024, when income rose by 108%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Vergennes Opera House Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include Methow Music Festival Association ($229k), Parallel Studios Inc ($229k) and Just Like You Inc ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 35% of the total. At year end it held assets of $384k against liabilities of $0, net assets of $384k.