Houston Grand Opera Endowment Inc

Analysis

Houston Grand Opera Endowment Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1983, 43 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Houston Grand Opera Endowment Inc reported income of $16.7m and spending of $3.7m, leaving 78% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.4m to $16.7m (+210%), an average of +33% a year. The sharpest change came in the year to July 2021, when income rose by 274%. Over the whole period it spent 28% 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 Endowment Inc 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 Pearl Harbor Aviation Museum ($16.7m), Storycorps Inc ($16.8m) and The Minnesota Opera ($16.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $104.9m against liabilities of $0, net assets of $104.9m.