The Grand Opera House

Analysis

The Grand Opera House is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in October 1982, 44 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 Grand Opera House reported income of $643k and spending of $803k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $660k to $643k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 114% 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 Grand Opera House sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Thelostchurchorg Inc ($643k), Museum of Human Achievement ($643k) and Ars Lyrica Houston ($642k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $61k (7.6% of expenses). Other salaries and wages came to $85k. At year end it held assets of $3.3m against liabilities of $229k, net assets of $3.1m. It reported 5 employees.