McPherson Opera House Company

Analysis

McPherson Opera House Company is a registered charity in United States, based in McPherson, KS. It received its IRS tax-exemption ruling in September 1989, 37 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 June 2024, McPherson Opera House Company reported income of $761k and spending of $1.1m, spending 141% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $502k to $761k (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 137% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McPherson Opera House Company sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KS. Charities of a similar size with the same main cause include Bulk Space ($761k), Lake Worth Playhouse Inc ($761k) and American Festival for the Arts ($761k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $46k (4.3% of expenses). Other salaries and wages came to $188k. At year end it held assets of $5.3m against liabilities of $272k, net assets of $5.0m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.