Festival Opera Association Inc

Analysis

Festival Opera Association Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Festival Opera Association Inc reported income of $182k and spending of $272k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $182k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festival Opera Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Historical Society of the Cocalico Valley ($182k), Vaw VRC ($182k) and Lantern Publishing & Media Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $60k. At year end it held assets of $16k against liabilities of $49k, net assets of -$32k. It reported 32 employees.