Vero Beach Opera Inc

Analysis

Vero Beach Opera Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in October 1989, 37 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 2024, Vero Beach Opera Inc reported income of $657k and spending of $490k, leaving 25% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $302k to $657k (+117%), an average of +21% a year. The sharpest change came in the year to May 2024, when income rose by 42%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vero Beach Opera Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include CGN America ($657k), Pittsburgh Opera Theater Inc ($657k) and Community Radio Project ($656k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 63% and program service revenue 33% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.3m against liabilities of $11k, net assets of $1.3m. It reported 2 employees.