Pittsburgh Opera Theater Inc

Analysis

Pittsburgh Opera Theater Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1980, 46 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 December 2021, Pittsburgh Opera Theater Inc reported income of $657k and spending of $922k, spending 140% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $905k to $657k (-27%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 116% 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 Theater Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Vero Beach Opera Inc ($657k), Wyoming-Kentwood Television WKTV ($657k) and CGN America ($657k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $371k. At year end it held assets of $277k against liabilities of $560k, net assets of -$283k. It reported 8 employees.