Pacific Opera Project Incorporated

Analysis

Pacific Opera Project Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2012, 14 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 June 2023, Pacific Opera Project Incorporated reported income of $972k and spending of $845k, spending 87% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $367k to $972k (+165%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Opera Project Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Swedish Club Foundation ($972k), Fund for Endowment of Diplomatic Reception Rooms of Dept of State ($972k) and International Ballet ($971k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $141k (17% of expenses). Other salaries and wages came to $360k. At year end it held assets of $856k against liabilities of $639k, net assets of $218k. It reported 147 employees.