Baltimore Concert Opera Inc

Analysis

Baltimore Concert Opera Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 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 August 2023, Baltimore Concert Opera Inc reported income of $541k and spending of $596k, spending 110% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $455k to $541k (+19%), an average of +5.9% a year. The sharpest change came in the year to August 2023, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Concert Opera Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Silver Eye Center for Photography ($541k), Reading Public Museum Endowment TR Ua 1519155092 ($541k) and Marilyn Rodman Performing Arts Center Inc ($541k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $108k. At year end it held assets of $512k against liabilities of $60k, net assets of $453k. It reported 4 employees.