Opus Dance Theatre and Community Services Inc

Analysis

Opus Dance Theatre and Community Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 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 December 2022, Opus Dance Theatre and Community Services Inc reported income of $1.5m and spending of $1.5m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $916k to $1.5m (+59%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opus Dance Theatre and Community Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include American Musicological Society Inc ($1.5m), Salt Lake Acting Company ($1.5m) and Connecticut River Foundation at Steamboat Dock Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $109k (7.1% of expenses). Other salaries and wages came to $890k. At year end it held assets of $28k against liabilities of $365k, net assets of -$336k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.