Tabor Opera House Preservation Foundation Inc

Analysis

Tabor Opera House Preservation Foundation Inc is a registered charity in United States, based in Leadville, CO. It received its IRS tax-exemption ruling in August 2004, 22 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, Tabor Opera House Preservation Foundation Inc reported income of $1.1m and spending of $496k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $1.1m (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tabor Opera House Preservation Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Missoula Civic Symphony Association ($1.1m), Delaware Center for Contemporary Arts ($1.1m) and Katonah Museum of Art Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $84k (17% of expenses). Other salaries and wages came to $105k. At year end it held assets of $3.6m against liabilities of $249k, net assets of $3.4m. It reported 7 employees.