Berkshire Opera Festival

Analysis

Berkshire Opera Festival is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in November 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 September 2023, Berkshire Opera Festival reported income of $823k and spending of $849k, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $615k to $823k (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2021, when income rose by 76%. 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, Berkshire Opera Festival sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Kidznotes ($822k), Teatro Vista Theatre with a View Inc ($823k) and Opera in the Heights ($822k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $67k (7.9% of expenses). Other salaries and wages came to $180k. It paid $4,125 in professional fundraising fees. At year end it held assets of $159k against liabilities of $57k, net assets of $102k. It reported 6 employees.