Opera Southwest

Analysis

Opera Southwest is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 1973, 53 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, Opera Southwest reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.2m to $1.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to May 2022, when income rose by 62%. Over the whole period it spent 88% 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 Southwest sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NM. Charities of a similar size with the same main cause include The Jazz Gallery ($1.5m), Central Square Theater Inc ($1.5m) and Boyertown Museum of Historic Vehicles ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $50k (3.1% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.7m against liabilities of $678k, net assets of $1.0m. It reported 3 employees.