Florida Grand Opera Inc

Analysis

Florida Grand Opera Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1995, 31 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, Florida Grand Opera Inc reported income of $249k and spending of $230k, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.3m to $249k (-89%), an average of -42% a year. The sharpest change came in the year to May 2022, when income rose by 366%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Grand Opera Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Suzanna Cohen Legacy Foundation ($249k), Fire Island Pines Arts Project Inc ($249k) and Associates to Restore the Temple Theatre Ltd ($249k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $63k (27% of expenses). Other salaries and wages came to $52k. At year end it held assets of $8.7m against liabilities of $1.5m, net assets of $7.2m. It reported 169 employees.