Opera Company of Middlebury Inc

Analysis

Opera Company of Middlebury Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in September 2005, 21 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, Opera Company of Middlebury Inc reported income of $491k and spending of $340k, leaving 31% of income unspent that year. Across the 4 years on record, from October 2019 to October 2023, income grew from $204k to $491k (+140%), an average of +34% a year. The sharpest change came in the year to October 2023, when income rose by 170%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Company of Middlebury Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within VT. Charities of a similar size with the same main cause include Chicago Dancemakers Forum ($491k), Serendipity Theatre Co ($491k) and Golden Thread Productions ($491k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $198k against liabilities of $7,469, net assets of $191k.