Greater Litchfield Opera House Association Incorporated

Analysis

Greater Litchfield Opera House Association Incorporated is a registered charity in United States, based in Litchfield, MN. 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, Greater Litchfield Opera House Association Incorporated reported income of $66k and spending of $60k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $131k to $66k (-49%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Litchfield Opera House Association Incorporated sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Adsmore Perpetual Care FD TR Uw Katherine R Garrett 070384 ($66k), Guild Opera Company Inc ($66k) and The Lexington Chamber Music Center Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $616k against liabilities of $690, net assets of $615k.