Ye Olde Opera House

Analysis

Ye Olde Opera House is a registered charity in United States, based in Spring Grove, MN. It received its IRS tax-exemption ruling in September 1979, 47 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, Ye Olde Opera House reported income of $51k and spending of $31k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $51k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ye Olde Opera House sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Rogalin Dance Troupe ($51k), Eau Claire Musical Arts Society Ltd ($51k) and Adventures in Preservation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.