Newport Opera House Association Inc

Analysis

Newport Opera House Association Inc is a registered charity in United States, based in Newport, NH. It received its IRS tax-exemption ruling in June 2020, 6 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, Newport Opera House Association Inc reported income of $341k and spending of $141k, leaving 59% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $194k to $341k (+76%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 181%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newport Opera House Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within NH. Charities of a similar size with the same main cause include Teentix ($341k), Southern California Childrens Choral Association ($341k) and Webb County Heritage Foundation Inc ($341k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $54k (38% of expenses). At year end it held assets of $310k against liabilities of $0, net assets of $310k. It reported 1 employees.