Opera Carolina

Analysis

Opera Carolina is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1957, 69 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 Carolina reported income of $2.9m and spending of $3.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 105% 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 Carolina sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Stiefel Theatre for the Performing Arts Foundation ($2.9m), San Diego Museum of Man ($2.9m) and Open to Debate Foundation ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $121k (3.7% of expenses). Other salaries and wages came to $589k. At year end it held assets of $162k against liabilities of $2.6m, net assets of -$2.4m. It reported 73 employees.