The Matthews Opera House and Arts Center

Analysis

The Matthews Opera House and Arts Center is a registered charity in United States, based in Spearfish, SD. It received its IRS tax-exemption ruling in October 1989, 37 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 July 2024, The Matthews Opera House and Arts Center reported income of $409k and spending of $388k, spending 95% of its income. Across the 6 years on record, from July 2019 to July 2024, income fell from $421k to $409k (-2.9%), an average of -0.6% a year. The sharpest change came in the year to July 2020, when income dropped by 34%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Matthews Opera House and Arts Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within SD. Charities of a similar size with the same main cause include Grand Opera House of the South Inc ($409k), Theatrikos Incorporated ($409k) and Solvang Heritage Associates ($409k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 36% and program service revenue 61% of the total. Other salaries and wages came to $115k. At year end it held assets of $411k against liabilities of $25k, net assets of $386k. It reported 16 employees.