Amarillo Opera

Analysis

Amarillo Opera is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 1989, 37 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 August 2023, Amarillo Opera reported income of $450k and spending of $517k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $191k to $450k (+135%), an average of +24% a year. The sharpest change came in the year to August 2022, when income rose by 160%. 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, Amarillo Opera sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Media Literacy Now ($450k), Birmingham Historical Society ($450k) and Saint Charles Oktoberfest ($450k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). Other salaries and wages came to $73k. At year end it held assets of $1.1m against liabilities of $244k, net assets of $838k. It reported 5 employees.