Washington Opera House Inc

Analysis

Washington Opera House Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in February 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Washington Opera House Inc reported income of $495k and spending of $48k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $495k (+785%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 976%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Opera House 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 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Iowa Credit Union Foundation Inc ($495k), Eastern Michigan Hockey Association Inc ($495k) and Gettysburg Rural Fire Dept 90 ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.3m against liabilities of $16k, net assets of $2.3m.