Underworld Opera Company

Analysis

Underworld Opera Company is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 April 2023, Underworld Opera Company reported income of $317k and spending of $462k, spending 146% of what it took in. Across the 4 years on record, from April 2019 to April 2023, income fell from $559k to $317k (-43%), an average of -17% a year. The sharpest change came in the year to April 2023, when income dropped by 36%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Underworld Opera Company sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Womens Suffrage National Monument Foundation ($317k), Chatfield Center for the Arts Inc ($317k) and Back Bay Chorale Ltd ($317k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Other salaries and wages came to $88k. At year end it held assets of $15k against liabilities of $161k, net assets of -$145k. It reported 25 employees.