Long Beach Opera

Analysis

Long Beach Opera is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 1979, 47 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, Long Beach Opera reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $980k to $1.8m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Beach Opera sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Northern California Educational Television Assn Inc ($1.8m), Encore Creativity Corporation Encore Creativity for Older Adults ($1.8m) and Open Source Technology Improvement Fund Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $134k (7.9% of expenses). Other salaries and wages came to $455k. At year end it held assets of $424k against liabilities of $347k, net assets of $77k. It reported 59 employees.