The Gilbert & Sullivan Very Light Opera Company

Analysis

The Gilbert & Sullivan Very Light Opera Company is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1981, 45 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, The Gilbert & Sullivan Very Light Opera Company reported income of $125k and spending of $116k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $125k (+6.7%), an average of +6.7% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Gilbert & Sullivan Very Light Opera Company sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Omegaup ($125k), Buffalo Community Theater ($125k) and Museum of Deaf History Arts and Culture Inc Mdhac ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 88% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.