Vegas City Opera

Analysis

Vegas City Opera is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 2015, 11 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, Vegas City Opera reported income of $164k and spending of $158k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $164k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vegas City Opera sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within NV. Charities of a similar size with the same main cause include Chelsea Fund for Education Inc ($164k), Waldos and Company ($164k) and The Womans Club of Dayton ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.