Mobile Opera Inc

Analysis

Mobile Opera Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 1952, 74 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 May 2023, Mobile Opera Inc reported income of $895k and spending of $332k, leaving 63% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $301k to $895k (+197%), an average of +44% a year. The sharpest change came in the year to May 2023, when income rose by 142%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mobile Opera Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within AL. Charities of a similar size with the same main cause include American Society of Civil Engineers ($895k), A E Bean Backus Gallery & Museum Inc ($895k) and Center for Railroad Photography and Art Inc ($895k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 88% and program service revenue 4.8% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.2m against liabilities of $25k, net assets of $1.1m.