Opera Neo

Analysis

Opera Neo is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Opera Neo reported income of $693k and spending of $686k, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $249k to $693k (+178%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Neo sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Vedanta Cultural Foundation USA Inc ($693k), Radio Workshop US Inc ($693k) and All Foundation of Washington ($693k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $40k (5.8% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.