Lake Benton Opera House Inc

Analysis

Lake Benton Opera House Inc is a registered charity in United States, based in Lake Benton, MN. It received its IRS tax-exemption ruling in June 1977, 49 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, Lake Benton Opera House Inc reported income of $76k and spending of $64k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $76k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lake Benton Opera House Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Glory of Peace and Love ($76k), Impactful Fund ($76k) and Albuquerque Folk Festival ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.