Reading Civic Opera Society Incorporated

Analysis

Reading Civic Opera Society Incorporated is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in July 1950, 76 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reading Civic Opera Society Incorporated reported income of $140k and spending of $159k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $140k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reading Civic Opera Society Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include The Art Glass Center Glen Echo Incorporated ($140k), Los Gatos Music and Arts Inc ($140k) and Seattle Chinese School ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 79% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.