Kyrenia Opera Inc

Analysis

Kyrenia Opera Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2023, Kyrenia Opera Inc reported income of $51k and spending of $36k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $51k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kyrenia Opera Inc 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 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Ashland Main Street ($51k), Kenilworth Historical Society Incorporated ($51k) and New Hampshire Nepali Community ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 165% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.