Des Moines Metro Opera Inc

Analysis

Des Moines Metro Opera Inc is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in March 1974, 52 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 August 2023, Des Moines Metro Opera Inc reported income of $5.8m and spending of $5.7m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $5.8m (+74%), an average of +15% a year. The sharpest change came in the year to August 2021, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Des Moines Metro Opera Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Washington County Museum of Fine Arts ($5.7m), Milwaukee Symphony Orchestra Foundation ($5.8m) and National Nordic Museum ($5.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $140k (2.4% of expenses). Other salaries and wages came to $657k. At year end it held assets of $6.1m against liabilities of $1.7m, net assets of $4.4m. It reported 167 employees.