Marigny Opera House Foundation

Analysis

Marigny Opera House Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2014, 12 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 August 2023, Marigny Opera House Foundation reported income of $528k and spending of $617k, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $439k to $528k (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marigny Opera House Foundation 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 70th percentile within LA. Charities of a similar size with the same main cause include Celtic Fest Inc ($528k), Yarnwire Inc ($528k) and Gateways Music Festival Inc ($528k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $89k (14% of expenses). Other salaries and wages came to $86k. At year end it held assets of $23k against liabilities of $0, net assets of $23k. It reported 3 employees.