Opera Modesto Inc

Analysis

Opera Modesto Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in March 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 Modesto Inc reported income of $603k and spending of $517k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $385k to $603k (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 97% 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 Modesto Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Perlman Music Program Inc ($603k), Perlan Project Inc ($603k) and Bay Area Creative Foundation ($602k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $171k. At year end it held assets of $200k against liabilities of $4,142, net assets of $196k. It reported 5 employees.