Charleston Light Opera Guild Inc

Analysis

Charleston Light Opera Guild Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in November 1951, 75 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 December 2023, Charleston Light Opera Guild Inc reported income of $472k and spending of $434k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $519k to $472k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 91%. 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, Charleston Light Opera Guild Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WV. Charities of a similar size with the same main cause include Explore Childrens Museum of Sun Prairie ($472k), International Sejong Soloists Inc ($472k) and Torrance Cultural Arts Center Foundation ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $448k against liabilities of $13k, net assets of $435k.