Opera Parallele

Analysis

Opera Parallele is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2005, 21 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 August 2023, Opera Parallele reported income of $3.3m and spending of $1.9m, leaving 41% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $3.3m (+210%), an average of +33% a year. The sharpest change came in the year to August 2023, when income rose by 148%. Over the whole period it spent 83% 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 Parallele sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Evergreen Aviation and Space Museum and the Captain Michael King Smith ($3.3m), Providence Childrens Museum ($3.3m) and Garth Newel Music Center Foundation Corp ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Other salaries and wages came to $826k. At year end it held assets of $2.6m against liabilities of $241k, net assets of $2.3m. It reported 50 employees.