Twin Cities Opera Guild Inc

Analysis

Twin Cities Opera Guild Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1967, 59 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, Twin Cities Opera Guild Inc reported income of $166k and spending of $133k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $273k to $166k (-39%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twin Cities Opera Guild Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Uss LST 393 Preservation Association Inc ($166k), Chimney Rock Interpretive Association Inc ($166k) and Oregon Electric Railway Historical Society Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.3% of the total. At year end it held assets of $623k against liabilities of $0, net assets of $623k.