Pittsburgh Opera Inc

Analysis

Pittsburgh Opera Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1955, 71 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 2024, Pittsburgh Opera Inc reported income of $7.0m and spending of $8.7m, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.9m to $7.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 145%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pittsburgh Opera Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Creative West ($7.0m), Academy of Television Arts & Sciences Foundation ($7.0m) and Internatinal Council of Scientific Unions ($7.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $461k (5.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $34.0m against liabilities of $748k, net assets of $33.2m. It reported 269 employees.