Opera Steamboat

Analysis

Opera Steamboat is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in November 2002, 24 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, Opera Steamboat reported income of $256k and spending of $288k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $256k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Steamboat sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Chamber Orchestra of the South Bay Inc ($256k), Dynamic Xplosion Cheer ($256k) and Richland Players Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $7,333 (2.5% of expenses). Other salaries and wages came to $51k. It paid $14k in professional fundraising fees. At year end it held assets of $124k against liabilities of $8,747, net assets of $115k. It reported 2 employees.