Des Moines Metro Opera Foundation Inc

Analysis

Des Moines Metro Opera Foundation Inc is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Des Moines Metro Opera Foundation Inc reported income of $466k and spending of $2.6m, spending 564% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $466k (-66%), an average of -24% a year. The sharpest change came in the year to August 2020, when income rose by 186%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Moines Metro Opera Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include New Hampshire World Fellowship Center Inc ($466k), Memphis Center for Independent Liv ($466k) and Soce Neighborhood Action Foundation ($466k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $20.4m against liabilities of $0, net assets of $20.4m.