Tacoma Opera Association

Analysis

Tacoma Opera Association is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in April 1984, 42 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 May 2023, Tacoma Opera Association reported income of $405k and spending of $332k, spending 82% of its income. Across the 6 years on record, from May 2018 to May 2023, income fell from $561k to $405k (-28%), an average of -6.3% a year. The sharpest change came in the year to May 2022, when income rose by 57%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tacoma Opera Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Dorchester Center for the Arts Inc ($405k), Sonoran Arts League Inc ($405k) and Mizna ($405k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 89% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $31k (9.3% of expenses). Other salaries and wages came to $143k. At year end it held assets of $96k against liabilities of $2,295, net assets of $94k. It reported 25 employees.