Opera Omaha Inc

Analysis

Opera Omaha Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1960, 66 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 June 2023, Opera Omaha Inc reported income of $5.0m and spending of $5.6m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.0m to $5.0m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 88% 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 Omaha Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include Charles M Schulz Museum and Research Center ($5.0m), Idaho Shakespeare Festival Inc ($5.0m) and Blackstar Projects Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $136k (2.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.0m against liabilities of $968k, net assets of $8.0m. It reported 27 employees.