Houston Grand Opera Association Inc

Analysis

Houston Grand Opera Association Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1957, 69 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 July 2023, Houston Grand Opera Association Inc reported income of $30.4m and spending of $30.7m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $23.5m to $30.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to July 2021, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Grand Opera Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Tennessee Performing Arts Center Management Corporation ($30.4m), Menil Foundation Inc ($30.5m) and TMT International Observatory LLC ($30.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $2.2m (7.3% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $26.7m against liabilities of $10.1m, net assets of $16.7m. It reported 866 employees.