Opera Southwest Foundation

Analysis

Opera Southwest Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Opera Southwest Foundation reported income of $141k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $204k to $141k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 0.0% 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 Southwest Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within NM. Charities of a similar size with the same main cause include L I Science and Engineering Fair Inc ($141k), Boston 2026 World Stamp Show Inc ($141k) and Hippodrome Arts Centre ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $374k against liabilities of $0, net assets of $374k.