Opus Music Foundation

Analysis

Opus Music Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2020, 6 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, Opus Music Foundation reported income of $96k and spending of $41k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $96k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opus Music Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include St Augustine Music Festival Inc ($96k), North Castle Historical Society ($96k) and Demolay International ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. At year end it held assets of $119k against liabilities of $12, net assets of $119k.