William Lewis School of Opera

Analysis

William Lewis School of Opera is a registered charity in United States, based in Elgin, TX. It received its IRS tax-exemption ruling in April 1998, 28 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, William Lewis School of Opera reported income of $241k and spending of $227k, spending 94% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $81k to $241k (+199%), an average of +44% a year. The sharpest change came in the year to September 2022, when income rose by 316%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, William Lewis School of Opera sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include SPK Academy of Music Inc ($241k), Bolivar Peninsula Charities ($241k) and Black Arts & Culture Alliance of Chicago ($241k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). At year end it held assets of $118k against liabilities of $0, net assets of $118k.