Opera Guild Inc of Fort Lauderdale

Analysis

Opera Guild Inc of Fort Lauderdale is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in September 1960, 66 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 May 2023, Opera Guild Inc of Fort Lauderdale reported income of $1.3m and spending of $2.5m, spending 188% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.0m to $1.3m (-34%), an average of -10% a year. The sharpest change came in the year to May 2022, when income rose by 159%. Over the whole period it spent 129% 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 Guild Inc of Fort Lauderdale sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Montana Free Press ($1.3m), A Step Beyond ($1.3m) and International Society for the Performing Arts Foundation ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $951k. At year end it held assets of $7,000 against liabilities of $4.3m, net assets of -$4.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.