The Dallas Opera Foundation

Analysis

The Dallas Opera Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Dallas Opera Foundation reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Dallas Opera Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Vestal Volunteer Emergency Squad Inc ($1.6m), Settlement Club Endowment Fund ($1.6m) and El Shaddai Family Ranch ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% of the total. At year end it held assets of $30.1m against liabilities of $1.0m, net assets of $29.1m.