Opernfest Prague

Analysis

Opernfest Prague is a registered charity in United States, based in Glencoe, IL. It received its IRS tax-exemption ruling in March 2018, 8 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, Opernfest Prague reported income of $167k and spending of $183k, spending 110% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income grew from $120k to $167k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, 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, Opernfest Prague sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Historic Preservation & Education Fund of Racquet Club of Phila Inc ($167k), Edison Festival of Light Inc ($167k) and Wvum Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $3,451 against liabilities of $12k, net assets of -$8,291.