Opera Colorado Foundation

Analysis

Opera Colorado Foundation is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opera Colorado Foundation reported income of $5.2m and spending of $370k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $5.2m (+14841%), an average of +250% a year. The sharpest change came in the year to June 2023, when income rose by 11176%. Over the whole period it spent 8.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Opera Colorado Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Federation of Protestant Welfare Agencies Inc ($5.2m), Illinois Prairie Community Foundation Inc ($5.2m) and Jewish Family Services of Broward Foundation Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m.