College Light Opera Company Inc

Analysis

College Light Opera Company Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in September 1972, 54 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 December 2023, College Light Opera Company Inc reported income of $1.5m and spending of $1.2m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.5m (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, College Light Opera Company Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include The World War II Foundation ($1.5m), Cleburne Performing Arts Foundation ($1.5m) and Arts & Business Council of Greater Boston Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 33% of the total. Other salaries and wages came to $182k. It paid $48k in professional fundraising fees. At year end it held assets of $8.7m against liabilities of $782k, net assets of $7.9m. It reported 7 employees.