Homer Opus

Analysis

Homer Opus is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in September 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 June 2024, Homer Opus reported income of $87k and spending of $102k, spending 116% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $71k to $87k (+24%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Homer Opus sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within AK. Charities of a similar size with the same main cause include Lithuanian World Community ($87k), Ozark Mountain Music ($87k) and Strata Gallery ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. At year end it held assets of $109k against liabilities of $2,252, net assets of $107k.