Squonk Opera Inc

Analysis

Squonk Opera Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2001, 25 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, Squonk Opera Inc reported income of $441k and spending of $596k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $295k to $441k (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Squonk Opera Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Artists First ($440k), Fullerton Museum Center Association ($441k) and Atlanta Jazz Festival Inc ($440k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $174k (29% of expenses). Other salaries and wages came to $36k. At year end it held assets of $601k against liabilities of $109k, net assets of $492k. It reported 3 employees.