Opera House Theatre Company Inc

Analysis

Opera House Theatre Company Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 2014, 12 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, Opera House Theatre Company Inc reported income of $929k and spending of $922k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $334k to $929k (+178%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 204%. Over the whole period it spent 85% 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 House Theatre Company Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Nickerson-Rossi Dance ($929k), Albrecht-Kemper Museum of Art ($929k) and Desert Theaterworks ($928k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $204k against liabilities of $20k, net assets of $184k. It reported 17 employees.