Friends of the Wright Opera House Inc

Analysis

Friends of the Wright Opera House Inc is a registered charity in United States, based in Ouray, CO. It received its IRS tax-exemption ruling in May 2009, 17 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, Friends of the Wright Opera House Inc reported income of $391k and spending of $398k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $391k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Wright Opera House Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Masspoetry Inc ($390k), Instituto Arte Teatral Internacional Inc ($391k) and Humboldt Arts Council ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $9,565. At year end it held assets of $2.7m against liabilities of $417k, net assets of $2.3m. It reported 4 employees.