Charleston Opera Theater Inc

Analysis

Charleston Opera Theater Inc is a registered charity in United States, based in Johns Island, SC. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Charleston Opera Theater Inc reported income of $246k and spending of $255k, spending 104% of its income. Across the 3 years on record, from December 2022 to June 2024, income grew from $180k to $246k (+37%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston Opera Theater Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include Association of Symbolic Logic ($246k), Italingua Institute Grazia Bennett ($246k) and The Micropaleontology Press Foundation Inc ($246k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $12k (4.5% of expenses). At year end it held assets of $5,007 against liabilities of $20k, net assets of -$15k.