Natchez Opera Festival Inc

Analysis

Natchez Opera Festival Inc is a registered charity in United States, based in Natchez, MS. It received its IRS tax-exemption ruling in July 1991, 35 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 December 2022, Natchez Opera Festival Inc reported income of $157k and spending of $188k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $307k to $157k (-49%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Natchez Opera Festival Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within MS. Charities of a similar size with the same main cause include Morro Bay Maritime Museum ($157k), Historical Diving Society ($157k) and Music Company TMC ($157k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.