Historic Homestake Opera House Society

Analysis

Historic Homestake Opera House Society is a registered charity in United States, based in Lead, SD. It received its IRS tax-exemption ruling in July 1998, 28 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Homestake Opera House Society reported income of $1.2m and spending of $441k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $1.2m (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Homestake Opera House Society sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within SD. Charities of a similar size with the same main cause include National Conference of State Historic Preservation Officers ($1.2m), Baldwin for the Arts Inc ($1.2m) and Angelina Arts Alliance Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $51k (11% of expenses). Other salaries and wages came to $75k. At year end it held assets of $5.0m against liabilities of $361k, net assets of $4.6m. It reported 5 employees.