Loveland Opera Theatre

Analysis

Loveland Opera Theatre is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in March 2008, 18 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 2023, Loveland Opera Theatre reported income of $175k and spending of $203k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $175k (-12%), an average of -12% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Loveland Opera Theatre sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Appalachian Heritage Schools ($175k), New Mexico Steam Locomotive & Railroad Historical Society ($175k) and American Theatre Company ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $168k against liabilities of $5,278, net assets of $163k.