Schenectady Light Opera Co Inc

Analysis

Schenectady Light Opera Co Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in April 2014, 12 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 May 2023, Schenectady Light Opera Co Inc reported income of $316k and spending of $333k, spending 105% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $450k to $316k (-30%), an average of -8.4% a year. The sharpest change came in the year to May 2020, when income dropped by 44%. 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, Schenectady Light Opera Co Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include San Antonio-Mexico Friendship Council Inc ($316k), Keys Corp ($316k) and Friend Historical Society ($316k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 36% and program service revenue 49% of the total. At year end it held assets of $1.4m against liabilities of $288k, net assets of $1.1m.