DEMOGRAPHIC
ADDRESS
5 ST LUKES AVE
07934
COUNTY
somerset county, NJ
ORGANIZATIONAL OVERVIEW & RANKINGS
OPERA MAGNIFICO INC is a based in GLADSTONE, NJ, focused on Arts, Culture and Humanities causes , specifically Performing Arts Organizations. Established in April 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $642.00, this ranks 767,733 among 2,656,690 nonprofits nationally (Top 29%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 22,905 out of 72,131 organizations in NJ (Top 32%).
In somerset county, NJ, the organization ranks 1,032 out of 2,812 nonprofits by assets (Top 37%), while locally in gladstone, it stands at 17 among 25 organizations (Top 17%).
The organization reported annual revenue of $39,728.00, ranking 520,138 nationally (Top 20%) and 14,203 in NJ (Top 20%).
Within its specific NTEE classification (A60 - A: Arts, Culture and Humanities), which includes 5,577 similar organizations, OPERA MAGNIFICO INC ranks 1,426 in assets (Top 26%) and 1,086 in revenue (Top 20%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A60: Performing Arts Organizations
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$39,728.00
FORM 990 REVENUE AMOUNT
$39,728.00
RULING DATE
04/2023
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$642.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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