The Atlanta Opera Inc

Analysis

The Atlanta Opera Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1979, 47 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, The Atlanta Opera Inc reported income of $17.4m and spending of $13.1m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $17.4m (+66%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Atlanta Opera Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Museum of the City of New York ($17.4m), Council on American-Islamic Relations California ($17.4m) and Henry Francis du Pont Winterthur Museum Inc ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $1.4m (11% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $43.9m against liabilities of $3.9m, net assets of $40.1m. It reported 178 employees.