Fargo Moorhead Opera Company

Analysis

Fargo Moorhead Opera Company is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 1969, 57 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, Fargo Moorhead Opera Company reported income of $536k and spending of $634k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $598k to $536k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fargo Moorhead Opera Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ND. Charities of a similar size with the same main cause include Fourth Arts Block Inc ($536k), Adirondack Lakes Center for the Arts ($536k) and Great Commission Broadcasting Corporation ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Other salaries and wages came to $175k. At year end it held assets of $192k against liabilities of $85k, net assets of $106k. It reported 11 employees.