Gulfshore Opera Inc

Analysis

Gulfshore Opera Inc is a registered charity in United States, based in Estero, FL. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gulfshore Opera Inc reported income of $1.1m and spending of $984k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $643k to $1.1m (+72%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 103%. 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, Gulfshore Opera Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Southwest Minnesota Arts Council ($1.1m), Upper Colorado Environmental Plant Center ($1.1m) and Washington West African Center ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $167k. At year end it held assets of $585k against liabilities of $14k, net assets of $571k. It reported 3 employees.