Madison Opera Foundation Inc

Analysis

Madison Opera Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Madison Opera Foundation Inc reported income of $196k and spending of $119k, leaving 39% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income fell from $334k to $196k (-41%), an average of -10% a year. The sharpest change came in the year to August 2021, when income rose by 209%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Opera Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Wcne Educational Community Radio ($196k), San Jose Fire Museum ($196k) and Riley County Historical Society ($196k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 56% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.