Mineral Point Opera House Inc

Analysis

Mineral Point Opera House Inc is a registered charity in United States, based in Mineral Point, WI. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mineral Point Opera House Inc reported income of $217k and spending of $264k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $217k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mineral Point Opera House Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Aha a Hands on Adventure a Childrens Museum Inc ($217k), Friends of the Braumart ($218k) and Mountain Arts Network ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 59% of the total. Other salaries and wages came to $31k. At year end it held assets of $994k against liabilities of $2,980, net assets of $991k. It reported 3 employees.