Penn Square Opera

Analysis

Penn Square Opera is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Penn Square Opera reported income of $279k and spending of $356k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $224k to $279k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penn Square Opera sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Cormont Music ($279k), Hockaday Museum of Art ($279k) and St Marys Submarine Museum Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 38% of the total. Other salaries and wages came to $71k. At year end it held assets of $6,570 against liabilities of $130k, net assets of -$123k. It reported 1 employees.