San Diego Opera Association Endowment TR

Analysis

San Diego Opera Association Endowment TR is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1992, 34 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, San Diego Opera Association Endowment TR reported income of $119k and spending of $225k, spending 190% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $109k to $119k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 171%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Opera Association Endowment TR sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within WI. Charities of a similar size with the same main cause include David Davis Mansion Foundation ($119k), Kincaid Regional Theatre Company ($119k) and Saints Roost ($119k).

Compensation of current officers, directors and key employees was $32k (14% of expenses). At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.