Dallas Opera

Analysis

Dallas Opera is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 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 governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Dallas Opera reported income of $18.0m and spending of $18.7m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $15.8m to $18.0m (+14%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dallas Opera sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Oakland Museum of California ($17.9m), Bermuda Institute of Ocean Sciences Bios Inc ($18.0m) and Uss Missouri Memorial Association Inc ($17.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $848k (4.5% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $16.5m against liabilities of $10.1m, net assets of $6.3m. It reported 477 employees.