Maryland Opera Inc

Analysis

Maryland Opera Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Maryland Opera Inc reported income of $303k and spending of $278k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $237k to $303k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maryland Opera Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Table 4 Ten Inc ($303k), Fort Meade Alliance Foundation ($303k) and American Friends of Action Reconciliation Service for Peace ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $65k. At year end it held assets of $343k against liabilities of $1,880, net assets of $342k. It reported 1 employees.