Opera on Tap

Analysis

Opera on Tap is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2007, 19 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 on Tap reported income of $374k and spending of $397k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $227k to $374k (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 126% 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 on Tap sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Cubacaribe ($374k), Ngo Committee on the Status of Women Ny Inc ($374k) and Oklahoma Youth Orchestra Inc ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $186k. At year end it held assets of $106k against liabilities of $533k, net assets of -$427k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.