The Opera Company Inc

Analysis

The Opera Company Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in July 1993, 33 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, The Opera Company Inc reported income of $568k and spending of $694k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $423k to $568k (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Opera Company Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include The Center for Theatre Arts ($568k), Bandwith Music Ltd ($568k) and International Society of Political Psychology Inc ($568k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $51k (7.4% of expenses). Other salaries and wages came to $46k. At year end it held assets of $176k against liabilities of $38k, net assets of $137k. It reported 5 employees.