Greensboro Opera Company

Analysis

Greensboro Opera Company is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Greensboro Opera Company reported income of $392k and spending of $355k, spending 90% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $350k to $392k (+12%), an average of +2.8% a year. The sharpest change came in the year to March 2022, when income rose by 311%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greensboro Opera Company sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Pocket Opera Inc ($392k), Society for the Preservation of Bluegrass Music of America ($392k) and Saratoga Sponsor-A-Scholar ($392k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 74% and program service revenue 21% of the total. Other salaries and wages came to $68k. At year end it held assets of $381k against liabilities of $2,329, net assets of $379k. It reported 3 employees.