Opera San Jose Incorporated

Analysis

Opera San Jose Incorporated is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1984, 42 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 June 2023, Opera San Jose Incorporated reported income of $5.9m and spending of $6.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.9m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 38%. 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, Opera San Jose Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Sun Valley Summer Symphony Inc ($5.9m), A D Players ($5.9m) and Port Angeles Waterfront Center ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $444k (7.0% of expenses). At year end it held assets of $11.6m against liabilities of $1.2m, net assets of $10.4m. It reported 611 employees.