Edwardsville Opera Festival

Analysis

Edwardsville Opera Festival is a registered charity in United States, based in Edwardsville, IL. It received its IRS tax-exemption ruling in October 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 (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, Edwardsville Opera Festival reported income of $67k and spending of $49k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $67k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edwardsville Opera Festival sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Givesankofa Inc ($67k), Calvin Taylor Foundation ($67k) and National Museum of Roller Skating ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.