Light Opera of New Jersey Inc

Analysis

Light Opera of New Jersey Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in June 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Light Opera of New Jersey Inc reported income of $138k and spending of $152k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $138k (-15%), an average of -14% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Light Opera of New Jersey Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Milal Missionary Choir Association Inc ($138k), M3 Dance Inc ($138k) and Brooklyn Youth Music Project Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.