Abilene Opera Association Inc

Analysis

Abilene Opera Association Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in October 1985, 41 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 December 2023, Abilene Opera Association Inc reported income of $77k and spending of $72k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $77k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abilene Opera Association Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Urban Arts Music ($77k), Krewe de Joie de Vie Inc ($77k) and Cocheco Quilters Guild ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 20% of the total. At year end it held assets of $121k against liabilities of $70, net assets of $121k.