Operalex Inc

Analysis

Operalex Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1990, 36 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, Operalex Inc reported income of $365k and spending of $247k, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $100k to $365k (+266%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 511%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Operalex Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KY. Charities of a similar size with the same main cause include Facetime Theatre Inc ($364k), No Label Media Group Inc ($365k) and Grand Oaks High School Band Booster Association ($364k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 32% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.