Livermore Valley Opera

Analysis

Livermore Valley Opera is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in March 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 June 2023, Livermore Valley Opera reported income of $542k and spending of $591k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $416k to $542k (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Livermore Valley Opera sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Center Stage Theatre Inc ($542k), Hana Arts ($542k) and Literary Club ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $42k (7.0% of expenses). At year end it held assets of $430k against liabilities of $0, net assets of $430k.