Opera Carolina Endowment

Analysis

Opera Carolina Endowment is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2006, 20 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, Opera Carolina Endowment reported income of $62k and spending of $150k, spending 243% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $156k to $62k (-60%), an average of -21% a year. The sharpest change came in the year to June 2023, when income rose by 283%. Over the whole period it spent 51% 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 Carolina Endowment sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Upper Ohio Valley Italian Heritage Festival Inc ($62k), Lake Vermilion Cultural Center ($62k) and Soil Carbon Coalition ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.