Opera Colorado

Analysis

Opera Colorado is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Opera Colorado reported income of $5.6m and spending of $7.1m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.6m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 96% 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 Colorado sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Lighthouse Support ($5.5m), The Orlando Philharmonic Orchestra Inc ($5.6m) and Children and Family Futures Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $337k (4.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.2m against liabilities of $2.2m, net assets of $994k. It reported 348 employees.