Opera Grand Rapids

Analysis

Opera Grand Rapids is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1967, 59 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 July 2023, Opera Grand Rapids reported income of $1.2m and spending of $1.5m, spending 120% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $973k to $1.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to July 2022, when income rose by 74%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Grand Rapids sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Economic Hardship Reporting Project ($1.2m), Community Gallery Inc ($1.2m) and Baldwin for the Arts Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $110k (7.5% of expenses). Other salaries and wages came to $170k. At year end it held assets of $1.7m against liabilities of $530k, net assets of $1.2m. It reported 5 employees.

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.