Central City Opera House Association

Analysis

Central City Opera House Association is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in October 1933, 93 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 December 2023, Central City Opera House Association reported income of $6.2m and spending of $7.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.3m to $6.2m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central City Opera House Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Shakespeare & Company Inc ($6.2m), San Diego Air & Space Museum ($6.3m) and Asia Society Texas Center ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $337k (4.6% of expenses). Other salaries and wages came to $2.6m. It paid $84k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.7m. It reported 205 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.