Grand Ledge Opera House Authority

Analysis

Grand Ledge Opera House Authority is a registered charity in United States, based in Grand Ledge, MI. It received its IRS tax-exemption ruling in May 1994, 32 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 December 2023, Grand Ledge Opera House Authority reported income of $189k and spending of $226k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $189k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Ledge Opera House Authority sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include BCT Institute for Media Productions Inc ($189k), Cultural Arts Center Inc ($189k) and Northeast Massachusetts Youth Orchestras Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 81% of the total. Other salaries and wages came to $70k. At year end it held assets of $615k against liabilities of $354k, net assets of $261k. It reported 11 employees.