The Opera League of Los Angeles

Analysis

The Opera League of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1982, 44 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, The Opera League of Los Angeles reported income of $251k and spending of $262k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $344k to $251k (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Opera League of Los Angeles sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Smocking Arts Guild of America Inc ($251k), Using Art to Create a Better World ($251k) and Columbia Childrens Museum ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.5m against liabilities of $8,335, net assets of $1.5m.