Opera Naples Inc

Analysis

Opera Naples Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in August 2006, 20 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 June 2023, Opera Naples Inc reported income of $1.4m and spending of $2.9m, spending 209% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-8.7%), an average of -2.2% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Naples Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Colorado Springs Pioneers Museum ($1.4m), Charleston Jazz ($1.4m) and Villa Musica ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $208k (7.3% of expenses). Other salaries and wages came to $917k. At year end it held assets of $2.6m against liabilities of $1.8m, net assets of $859k. It reported 6 employees.