Opera San Luis Obispo Inc

Analysis

Opera San Luis Obispo Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in July 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Opera San Luis Obispo Inc reported income of $704k and spending of $524k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2018 to December 2023, income grew from $378k to $704k (+86%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 75% 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 Luis Obispo Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Launchbio Inc ($704k), Jewish Womens Theatre ($704k) and Island City Stage ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 12% of the total. Other salaries and wages came to $339k. At year end it held assets of $1.0m against liabilities of $42k, net assets of $969k. It reported 93 employees.