North Carolina Opera Inc

Analysis

North Carolina Opera Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, North Carolina Opera Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 246%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Opera Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include International Society for the Study of Xenobiotics ($1.4m), Reif Arts Council ($1.4m) and Midwest Honor Flight - Ia & SD ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $140k (8.9% of expenses). Other salaries and wages came to $263k. At year end it held assets of $763k against liabilities of $178k, net assets of $585k. It reported 6 employees.