Opera Las Vegas

Analysis

Opera Las Vegas is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, Opera Las Vegas reported income of $404k and spending of $420k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $331k to $404k (+22%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opera Las Vegas sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within NV. Charities of a similar size with the same main cause include Tahoe School of Music ($404k), Ellwood House Association Inc ($404k) and Carolina Public Press Inc ($404k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.