Skagit Opera

Analysis

Skagit Opera is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in November 2003, 23 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 2023, Skagit Opera reported income of $234k and spending of $179k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $156k to $234k (+50%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 50%. 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, Skagit Opera sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Chapin Community Theatre Inc ($234k), Samuel Lawrence Foundation ($234k) and Texas Jazz Festival Society ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $135k against liabilities of $9,000, net assets of $126k.