Opera Delaware Inc

Analysis

Opera Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1955, 71 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 August 2023, Opera Delaware Inc reported income of $1.0m and spending of $1.4m, spending 135% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $1.0m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to August 2021, when income rose by 143%. Over the whole period it spent 82% 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 Delaware Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include Lubbock Arts Alliance Inc ($1.0m), Little Theatre of Alexandria Inc ($1.0m) and Indigenous Roots ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $94k (6.9% of expenses). Other salaries and wages came to $262k. At year end it held assets of $2.8m against liabilities of $410k, net assets of $2.4m. It reported 62 employees.