Monticello Opera House Inc

Analysis

Monticello Opera House Inc is a registered charity in United States, based in Monticello, FL. It received its IRS tax-exemption ruling in September 1972, 54 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, Monticello Opera House Inc reported income of $338k and spending of $393k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $221k to $338k (+53%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 359%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monticello Opera House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include El Paso Museum of Art Foundation ($338k), Teada Productions ($338k) and New Plaza Cinema Inc ($338k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $9,755. At year end it held assets of $832k against liabilities of $98k, net assets of $734k. It reported 4 employees.