Anchorage Opera Company

Analysis

Anchorage Opera Company is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1976, 50 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, Anchorage Opera Company reported income of $896k and spending of $925k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $643k to $896k (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchorage Opera Company sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within AK. Charities of a similar size with the same main cause include Wyoming Dinosaur Center ($895k), Spreckels Organ Society ($896k) and Historic Homes Foundation Inc ($895k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $93k (10% of expenses). Other salaries and wages came to $338k. At year end it held assets of $389k against liabilities of $25k, net assets of $364k. It reported 53 employees.