Friends of the Saint Marys Theater and Grand Opera House Inc

Analysis

Friends of the Saint Marys Theater and Grand Opera House Inc is a registered charity in United States, based in Stmarys, OH. It received its IRS tax-exemption ruling in August 2021, 5 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, Friends of the Saint Marys Theater and Grand Opera House Inc reported income of $321k and spending of $73k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $344k to $321k (-6.8%), an average of -3.5% a year. Over the whole period it spent 15% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Saint Marys Theater and Grand Opera House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Nightboat Books Inc ($321k), Loudoun Heritage Farm Museum ($321k) and Mandate Project Impact Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $329k, net assets of $874k.