Lola - Local Opera Local Artists

Analysis

Lola - Local Opera Local Artists is a registered charity in United States, based in Austin, TX. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lola - Local Opera Local Artists reported income of $57k and spending of $43k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $57k (-2.1%), an average of -2.1% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lola - Local Opera Local Artists sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include New Voices of Colorado ($57k), Friends of the Dr Richard Eells House ($57k) and Woods and Wanton Chapter Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. At year end it held assets of $22k against liabilities of $3,461, net assets of $19k.