Opera Theater of Connecticut Inc

Analysis

Opera Theater of Connecticut Inc is a registered charity in United States, based in Clinton, CT. It received its IRS tax-exemption ruling in April 2018, 8 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, Opera Theater of Connecticut Inc reported income of $119k and spending of $118k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $119k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 100% 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 Theater of Connecticut Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Peak Performance Options ($119k), Farms Prides 4th of July Committee Inc ($119k) and Cotocheset Historic Preservation Trust Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.