New York Opera Society Inc

Analysis

New York Opera Society Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in August 2010, 16 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 June 2024, New York Opera Society Inc reported income of $54k and spending of $47k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $99k to $54k (-45%), an average of -45% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New York Opera Society Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Historic Waynesborough ($54k), Opera Modo Inc ($54k) and Lakeshore Community Chorus ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.