Palm Springs Opera Guild of the Desert

Analysis

Palm Springs Opera Guild of the Desert is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in June 1968, 58 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 2024, Palm Springs Opera Guild of the Desert reported income of $393k and spending of $293k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $442k to $393k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Springs Opera Guild of the Desert sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include World Stage Theatre ($393k), Colorado Institute of Music ($393k) and Southeast Community Cultural Center Inc ($393k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $82k (28% of expenses). Other salaries and wages came to $25k. At year end it held assets of $720k against liabilities of $1,757, net assets of $718k. It reported 2 employees.