The Opera Foundation Inc

Analysis

The Opera Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2024, The Opera Foundation Inc reported income of $171k and spending of $161k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $82k to $171k (+108%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Opera Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Elk River Arts & Lectures ($171k), Hearst Castle Preservation Foundation ($171k) and Brown County Historical Society Inc ($171k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (7.9% of expenses). At year end it held assets of $83k against liabilities of $7,750, net assets of $75k.