New York City Opera Inc

Analysis

New York City Opera Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1979, 47 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, New York City Opera Inc reported income of $1.9m and spending of $2.8m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $1.9m (-53%), an average of -17% a year. The sharpest change came in the year to June 2021, when income rose by 171%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York City Opera Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Partnership for Clean Competition Research Collaborative ($1.9m), Music Academy of North Carolina Inc ($1.9m) and Tulsa Opera Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $257k (9.0% of expenses). Other salaries and wages came to $579k. At year end it held assets of $977k against liabilities of $2.1m, net assets of -$1.1m. It reported 38 employees.