Memorial Opera House Foundation Inc

Analysis

Memorial Opera House Foundation Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in July 1993, 33 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 December 2023, Memorial Opera House Foundation Inc reported income of $233k and spending of $221k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $233k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. 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, Memorial Opera House Foundation Inc 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 56th percentile within IN. Charities of a similar size with the same main cause include Center for Supportive Communities Inc ($233k), Sarah Mack Scicomm Inc ($233k) and Comm Fair Assn of North Chester Chester Hill and Littleville Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $136k, net assets of $0.