Opera for the Young Inc

Analysis

Opera for the Young Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2023, Opera for the Young Inc reported income of $261k and spending of $325k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $231k to $261k (+13%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 104% 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 for the Young Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Dafmark Dance Theater ($261k), Software Assurance Forum for Excellence in Code ($261k) and RV Pilar Inc ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $73k (22% of expenses). Other salaries and wages came to $55k. At year end it held assets of $859k against liabilities of $523k, net assets of $336k. It reported 3 employees.