Opas Foundation

Analysis

Opas Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opas Foundation reported income of $88.7m and spending of $7.2m, leaving 92% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $88.7m (+1642%), an average of +104% a year. The sharpest change came in the year to June 2023, when income rose by 1071%. Over the whole period it spent 15% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opas Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Institute for Advanced Study ($88.4m), Brookings Institution ($89.4m) and Royal Shakespeare ($86.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.7% of the total. At year end it held assets of $295.9m against liabilities of $1.2m, net assets of $294.7m.