Opus Community Music School

Analysis

Opus Community Music School is a registered charity in United States, based in Eldersburg, MD. It received its IRS tax-exemption ruling in August 2010, 16 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Opus Community Music School reported income of $236k and spending of $194k, spending 82% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $198k to $236k (+19%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opus Community Music School sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Rover Dramawerks ($236k), Houston Repertoire Ballet ($236k) and Friends of Plum & Pilot Islands Inc ($236k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $87k. At year end it held assets of $195k against liabilities of $15k, net assets of $181k. It reported 15 employees.