Mississippi Opera Association Inc

Analysis

Mississippi Opera Association Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in May 1971, 55 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, Mississippi Opera Association Inc reported income of $391k and spending of $459k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $185k to $391k (+111%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Opera Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Institute of Hispanic Culture of Houston Texas ($391k), Friends of The@orchestra ($391k) and Instituto Arte Teatral Internacional Inc ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $56k. At year end it held assets of $128k against liabilities of $207k, net assets of -$79k. It reported 4 employees.