St Petersburg Opera Company

Analysis

St Petersburg Opera Company is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 2008, 18 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 July 2023, St Petersburg Opera Company reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $1.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to July 2022, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Petersburg Opera Company sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Asian Arts Initiative ($1.8m), US Marshals Museum Inc ($1.8m) and Joseph Rainey Center for Public Policy Incorporated ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $118k (7.3% of expenses). Other salaries and wages came to $318k. It paid $14k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $222k, net assets of $1.3m. It reported 10 employees.