Newberry Opera House Foundation Inc

Analysis

Newberry Opera House Foundation Inc is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in May 1994, 32 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, Newberry Opera House Foundation Inc reported income of $2.3m and spending of $2.5m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.3m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newberry Opera House Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Highland Golf and Country Club Foundation Inc ($2.3m), Uniondocs Inc ($2.3m) and Sozo Impact Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $122k (4.8% of expenses). Other salaries and wages came to $563k. At year end it held assets of $5.7m against liabilities of $283k, net assets of $5.4m. It reported 25 employees.