Overview
What is Los Angeles Opera Company?
The Los Angeles Opera Company (LA Opera) is a renowned non-profit organization based in Los Angeles, California, specifically at 135 North Grand Avenue, 90012. With a team of 725 employees, they have a mission to deliver the emotional and cultural richness of opera to the public. They produced 36 opera performances during the 2021-2022 fiscal year, attracting over 51,000 ticket buyers to their mainstage productions, generating revenue surpassing $7 million. Their vision goes beyond just entertainment, as they strive to preserve, promote, and advance the art form while reflecting the diversity, spirit, and artistic sensibility unique to Los Angeles. LA Opera's commitment to the community allows all members to collectively engage in the aesthetically, emotionally, intellectually, and culturally rewarding experience of opera.
Official website here: www.laopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Los Angeles Opera Company has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 97%, the organization demonstrates strong governance practices, including a board that is 97% independent and robust auditing procedures that received full marks. Their commitment to transparency is further evidenced by the availability of key policies and financial documents on their website.
Strengths of the organization include a favorable program expense ratio of 78.70%, indicating that a significant portion of their funding is directed towards their core mission of performing opera. Additionally, they exhibit excellent fundraising efficiency, with only $0.14 spent to raise each dollar, which maximizes the resources available for programming. Their liabilities to assets ratio of 18.30% suggests that they maintain a strong financial position, ensuring stability and sustainability in their operations.
While the ratings reflect robust performance, it is essential for stakeholders to remain mindful of ongoing operational challenges in the arts sector, particularly in securing consistent funding and audience engagement. Nevertheless, based on the available data, the Los Angeles Opera Company is positioned as a financially sound organization with a clear focus on its artistic mission.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Opera Company legitimate?
Los Angeles Opera Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Opera Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,429,695
Professional Fundraising Fees: $143,500
Other Salaries and Wages: $23,006,845
For more financial information, click here
Official website here: www.laopera.org
What is the mission statement of Los Angeles Opera Company?
The Los Angeles Opera Company (LA Opera) is dedicated to providing an opportunity for the public to experience the emotional and cultural richness of opera. The non-profit organization strives to preserve, promote, and advance the art form by producing world-class opera performances that reflect the diversity, spirit, and artistic sensitivity unique to Los Angeles. LA Opera envisions a community where all members have the chance to collectively enjoy the aesthetic, emotional, intellectual, and cultural experience of opera.
Official website here: www.laopera.org
Who is the CEO of Los Angeles Opera Company?
Christopher Koelsch is the Ex.Officio Dir, Pres & Ceo of Los Angeles Opera Company. The CEO's salary of Los Angeles Opera Company is $339,155 and their total compensation is $721,505.
Official website here: www.laopera.org
What is the revenue of Los Angeles Opera Company?
Los Angeles Opera Company's revenue in 2022 was $46,172,417.
Official website here: www.laopera.org
Who are the executives of Los Angeles Opera Company and what are their salaries?
The average compensation at Los Angeles Opera Company during 2022 was $35,085. There are 725 employees and 228 volunteers at Los Angeles Opera Company.
Here are 108 key members and their salaries (Los Angeles Opera Company's CEO's salary is $339,155 and their total compensation is $721,505):
- Compensation: $541,742
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- Other: $97,393
- Compensation: $339,155
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Official website here: www.laopera.org
Where can I find the form 990 for Los Angeles Opera Company?
Los Angeles Opera Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laopera.org
Learn more at the official website: www.laopera.org
Mission Statement of Los Angeles Opera Company
The Los Angeles Opera Company (LA Opera) is a non-profit organization dedicated to offering an opportunity for the public to experience the profound emotional and cultural richness of opera. With a vision to preserve, promote, and advance the art form, LA Opera embodies the diversity, spirit, and artistic sensitivity unique to Los Angeles.
In pursuit of its mission, LA Opera produces world-class opera performances that captivate and engage audiences. By embracing the artistic heritage of opera while incorporating the distinct essence of Los Angeles, the company aims to create an enlightened community where all members can collectively savor the aesthetic, emotional, intellectual, and cultural experience of opera.
The Los Angeles Opera Company's commitment to excellence is reflected in its commitment to the community. By providing access to world-class opera productions, the organization fosters an appreciation for the art form and contributes to the cultural fabric of the city. Through its captivating performances, LA Opera creates unforgettable moments that resonate with audiences and leave a lasting impact.
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Impact
October, 2024
The Los Angeles Opera Company significantly enriches the cultural landscape of the city by providing accessible, world-class opera performances that reflect the diverse artistic sensibilities of its community. In the fiscal year ending June 30, 2022, the company showcased 36 opera performances, attracting over 51,000 attendees and generating over $7 million in ticket sales. Through its dedication to producing high-quality operatic performances, the Los Angeles Opera fosters a deep appreciation for the art form while promoting engagement and participation among the local population.
By emphasizing inclusivity and accessibility, the company aims to make opera a vital part of the public's cultural experience, ensuring that all individuals have the opportunity to engage with this rich and emotive art form. The Los Angeles Opera Company's commitment to diversity not only enhances its performances but also helps build a more connected and enriched community, where the transformative power of opera can be experienced by all.
This information is meant to be a general summary of Los Angeles Opera Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,525,690
- Program Service Revenue: $8,700,522
- Gross Receipts: $47,545,834
Assets and Liabilities:
- Total Assets: $101,706,372
- Total Liabilities: $14,353,848
- Net Assets: $87,352,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$7,147,280
RECITALS
Revenue
$955,868
YOUNG ARTIST
Revenue
$597,374
Organization Details
Founding Year
1983
Phone
(213) 972-7652Principal Officer
Christopher Koelsch
Main Address
135 NORTH GRAND AVENUE, LOS ANGELES, CA, 90012
Website
www.laopera.orgNTEE Category
Code: A6A0 - Arts
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