The Opera Atelier Inc

Analysis

The Opera Atelier Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, The Opera Atelier Inc reported income of $304k and spending of $161k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $147k to $304k (+106%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 79% 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 Opera Atelier Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Grand County Historical Association ($304k), Youth Art Team ($304k) and Ohio Valley Museum of Discovery Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $53k (33% of expenses). At year end it held assets of $189k against liabilities of $101k, net assets of $88k.