Village Light Opera Group Ltd

Analysis

Village Light Opera Group Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1964, 62 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Village Light Opera Group Ltd reported income of $80k and spending of $51k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income fell from $148k to $80k (-46%), an average of -46% a year. The sharpest change came in the year to June 2020, when income dropped by 46%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Village Light Opera Group Ltd sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Nome Schoolhouse Inc ($80k), Martinsville-Henry County Historical Society ($80k) and Jude Project ($80k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 8.7% and program service revenue 23% of the total. At year end it held assets of $1.6m against liabilities of $546, net assets of $1.6m.