Franklin Civic Operetta Assoc

Analysis

Franklin Civic Operetta Assoc is a registered charity in United States, based in Franklin, PA. It received its IRS tax-exemption ruling in June 1978, 48 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 December 2023, Franklin Civic Operetta Assoc reported income of $482k and spending of $615k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $455k to $482k (+5.9%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 223%. 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, Franklin Civic Operetta Assoc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Florence Little Theatre ($482k), Hudson River School of Music Inc ($482k) and Historical Society of Cheshire Cty ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 66% of the total. Other salaries and wages came to $184k. At year end it held assets of $1.8m against liabilities of $131k, net assets of $1.6m. It reported 15 employees.