Az Opera Company

Analysis

Az Opera Company is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2006, 20 years ago. 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 2024, Az Opera Company reported income of $60k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $75k to $60k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2024, when income dropped by 20%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Az Opera Company sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within AZ. Charities of a similar size with the same main cause include Think North Carolina First ($60k), McGehee Community Food Pantry Inc ($60k) and Alpha Educational Fund of San Antonio Inc ($60k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.