Springfield Municipal Opera Association

Analysis

Springfield Municipal Opera Association is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1952, 74 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 October 2023, Springfield Municipal Opera Association reported income of $499k and spending of $469k, spending 94% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $411k to $499k (+22%), an average of +5.0% a year. The sharpest change came in the year to October 2021, when income rose by 817%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Municipal Opera Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Bartow-Pell Landmark Fund ($499k), Stone Soup Leadership Institute Inc ($499k) and Theatre of Northeastern Connecticut Inc ($499k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 9.0% and program service revenue 81% of the total. At year end it held assets of $1.8m against liabilities of $7,090, net assets of $1.8m.