Palm Beach Opera Guild Inc

Analysis

Palm Beach Opera Guild Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 2012, 14 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 May 2023, Palm Beach Opera Guild Inc reported income of $105k and spending of $112k, spending 107% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $54k to $105k (+94%), an average of +25% a year. The sharpest change came in the year to May 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Beach Opera Guild Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include New American Philharmonic Symphony Orchestra Ballet and Opera Assoc ($105k), Flying Carpet Theater Inc ($105k) and Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($105k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.