Tri-Cities Opera Company Inc

Analysis

Tri-Cities Opera Company Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in May 1959, 67 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 2023, Tri-Cities Opera Company Inc reported income of $660k and spending of $980k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income fell from $717k to $660k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 287%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tri-Cities Opera Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Le Sault de Saint Marie Historical Sites Inc ($660k), Pageantry Arts Concepts Inc ($660k) and Rochester Art Center ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $71k (7.3% of expenses). Other salaries and wages came to $253k. At year end it held assets of $1.1m against liabilities of $225k, net assets of $860k. It reported 86 employees.