Opera Modo Inc

Analysis

Opera Modo Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 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, Opera Modo Inc reported income of $54k and spending of $37k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $54k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 93% 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 Modo Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include New York Opera Society Inc ($54k), G K Chesterton Theatre Company ($54k) and Historic Waynesborough ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $1,000 against liabilities of $0, net assets of $1,000.