Bardavon 1869 Opera House Inc

Analysis

Bardavon 1869 Opera House Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in March 1977, 49 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 October 2023, Bardavon 1869 Opera House Inc reported income of $4.1m and spending of $4.5m, spending 110% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.9m to $4.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to October 2022, when income rose by 153%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bardavon 1869 Opera House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Friends of the Maine State Museum Inc ($4.1m), Orlando Shakespeare Theater Inc ($4.1m) and Common Threads ($4.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $124k (2.8% of expenses). Other salaries and wages came to $125k. At year end it held assets of $16.2m against liabilities of $1.2m, net assets of $14.9m. It reported 172 employees.