Victory Hall Opera

Analysis

Victory Hall Opera is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in January 2016, 10 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 2024, Victory Hall Opera reported income of $76k and spending of $98k, spending 128% of what it took in. Across the 2 years on record, from September 2023 to September 2024, income fell from $213k to $76k (-64%), an average of -64% a year. The sharpest change came in the year to September 2024, when income dropped by 64%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victory Hall Opera sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include New England Coastal Wildlife Alliance Inc ($76k), Chinese School of Rochester Inc ($76k) and Healdsburg Community Chorus ($76k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.