Shreveport Opera

Analysis

Shreveport Opera is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in April 1962, 64 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 June 2023, Shreveport Opera reported income of $1.6m and spending of $632k, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $951k to $1.6m (+72%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shreveport Opera sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Newton Communications Access Center Inc ($1.6m), Turtle Creek Valley Arts Corporation ($1.6m) and The Opera San Antonio ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 8.8% of the total. Other salaries and wages came to $202k. At year end it held assets of $2.8m against liabilities of $23k, net assets of $2.8m. It reported 15 employees.