Utah Festival Opera Company

Analysis

Utah Festival Opera Company is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, Utah Festival Opera Company reported income of $3.6m and spending of $4.7m, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $3.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2022, when income rose by 41%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Utah Festival Opera Company sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Modernism Week ($3.6m), Trustees of the Berkshire Museum ($3.6m) and Rainforest Connection ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $230k (4.9% of expenses). Other salaries and wages came to $644k. At year end it held assets of $12.7m against liabilities of $5.2m, net assets of $7.5m. It reported 329 employees.