Bastrop Opera House Inc

Analysis

Bastrop Opera House Inc is a registered charity in United States, based in Bastrop, TX. It received its IRS tax-exemption ruling in June 1981, 45 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 September 2023, Bastrop Opera House Inc reported income of $529k and spending of $400k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $231k to $529k (+129%), an average of +23% a year. The sharpest change came in the year to September 2022, when income rose by 131%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bastrop Opera House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Knoxville Childrens Theatre Inc ($529k), Vero Beach Theatre Guild Inc ($529k) and Houston Swing Dance Society ($529k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $84k (21% of expenses). At year end it held assets of $752k against liabilities of $12k, net assets of $740k. It reported 1 employees.