Salt Marsh Opera Company

Analysis

Salt Marsh Opera Company is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in August 2001, 25 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, Salt Marsh Opera Company reported income of $845k and spending of $366k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $845k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Marsh Opera Company sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Museums of Prophetstown Inc ($845k), Artogether ($846k) and Johnstown Symphony Orchestra ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 6.0% of the total. Other salaries and wages came to $70k. At year end it held assets of $858k against liabilities of $29k, net assets of $829k. It reported 2 employees.