Nashville Opera Association

Analysis

Nashville Opera Association is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1983, 43 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 July 2023, Nashville Opera Association reported income of $2.9m and spending of $3.1m, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $4.1m to $2.9m (-29%), an average of -8.2% a year. The sharpest change came in the year to July 2022, when income rose by 84%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nashville Opera Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Wilma Theater Inc ($2.9m), Northwest Communities Education Center ($2.9m) and Greenway Arts Alliance ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $204k (6.5% of expenses). Other salaries and wages came to $720k. At year end it held assets of $12.7m against liabilities of $169k, net assets of $12.5m. It reported 12 employees.