Pensacola Opera Inc

Analysis

Pensacola Opera Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in May 1984, 42 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 July 2023, Pensacola Opera Inc reported income of $1.3m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.0m to $1.3m (+30%), an average of +6.9% a year. The sharpest change came in the year to July 2022, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pensacola Opera Inc 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 Southwestern Association for Indian Arts Inc ($1.3m), Clockshop ($1.3m) and Geeks Without Frontiers ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. Other salaries and wages came to $329k. At year end it held assets of $1.8m against liabilities of $437k, net assets of $1.4m. It reported 7 employees.