Young Patronesses of the Opera Inc

Analysis

Young Patronesses of the Opera Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 1985, 41 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, Young Patronesses of the Opera Inc reported income of $161k and spending of $193k, spending 120% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $309k to $161k (-48%), an average of -15% a year. The sharpest change came in the year to May 2022, when income rose by 65%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Patronesses of the Opera 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 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include The Tarzana Community and Cultural Center ($161k), Block Island Historical Society ($161k) and Asian Arts Talents Foundation ($161k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% and program service revenue 8.5% of the total. At year end it held assets of $668k against liabilities of $0, net assets of $668k.