Glen Falls Operetta Club Inc

Analysis

Glen Falls Operetta Club Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in December 1972, 54 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 June 2023, Glen Falls Operetta Club Inc reported income of $83k and spending of $72k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $24k to $83k (+242%), an average of +242% a year. The sharpest change came in the year to June 2023, when income rose by 242%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glen Falls Operetta Club Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Belt Theater Company ($83k), LA Canada Playhouse ($83k) and Ice House Museum & Cultural Center Inc ($83k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. At year end it held assets of $32k against liabilities of $2,322, net assets of $30k.