Merola Opera Program

Analysis

Merola Opera Program is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1957, 69 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 September 2023, Merola Opera Program reported income of $5.3m and spending of $3.8m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $5.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2020, when income rose by 88%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Merola Opera Program sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Life Christian Outreach Inc ($5.3m), Creative Discovery Museum ($5.3m) and Community Radio for Northern Colorado ($5.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $355k (9.4% of expenses). Other salaries and wages came to $419k. At year end it held assets of $39.3m against liabilities of $303k, net assets of $39.0m. It reported 11 employees.