Opera Roanoke

Analysis

Opera Roanoke is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in September 1977, 49 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 2023, Opera Roanoke reported income of $381k and spending of $440k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $623k to $381k (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 95% 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 Roanoke sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Springfield Township Arts and Enrichment Council ($381k), Dancing in the Street Inc ($381k) and Ozark Actors Theatre ($381k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $66k. At year end it held assets of $718k against liabilities of $38k, net assets of $679k. It reported 3 employees.