Valley Opera and Performing Arts

Analysis

Valley Opera and Performing Arts is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in September 2013, 13 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 December 2023, Valley Opera and Performing Arts reported income of $116k and spending of $106k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $116k (+151%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Opera and Performing Arts sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Crystal Mountain Center for the Peforming Arts ($116k), Earthmoving Legacy Center Inc ($116k) and South Carolina Jazz Foundation ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $26k against liabilities of $98k, net assets of -$72k.