Opera on the James

Analysis

Opera on the James is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in December 2005, 21 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 on the James reported income of $350k and spending of $488k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $488k to $350k (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 103% 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 on the James 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 64th percentile within VA. Charities of a similar size with the same main cause include Thomasville Entertainment Foundation Inc ($350k), Panama City Symphony Inc ($350k) and NCRT Inc ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $118k (24% of expenses). At year end it held assets of $1.9m against liabilities of $6,390, net assets of $1.9m. It reported 3 employees.