First Coast Opera Inc

Analysis

First Coast Opera Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in October 2000, 26 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 2024, First Coast Opera Inc reported income of $302k and spending of $271k, spending 90% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $200k to $302k (+51%), an average of +51% a year. The sharpest change came in the year to July 2024, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Coast Opera Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Dallas Ballet Company ($301k), Washington County Historical Society Inc ($302k) and Atlanta Master Chorale Inc ($301k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 49% and program service revenue 39% of the total. At year end it held assets of $203k against liabilities of $19k, net assets of $184k.