American Opera Projects Inc

Analysis

American Opera Projects Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1981, 45 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, American Opera Projects Inc reported income of $505k and spending of $638k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $736k to $505k (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Opera Projects Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Oil Lamp Theater NFP ($505k), Green Star Movement NFP ($505k) and Childrens Theatre of Annapolis Inc ($505k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $14k (2.2% of expenses). Other salaries and wages came to $105k. At year end it held assets of $216k against liabilities of $184k, net assets of $33k. It reported 15 employees.