Operalia Foundation Inc

Analysis

Operalia Foundation Inc is a registered charity in United States, based in Calabasas, CA. It received its IRS tax-exemption ruling in December 2001, 25 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 December 2023, Operalia Foundation Inc reported income of $906k and spending of $937k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $824k to $906k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 29667%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Operalia Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include 564 Park Avenue Preservation Foundation ($905k), Friends Of@cincinnati Landmark Productions ($906k) and Project Artaud ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $120k (13% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.4m against liabilities of $36k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.