Quick charity verification for Connecticut Lyric Opera Inc (EIN: 141896196)
Verdict: Connecticut Lyric Opera Inc appears trustworthy
75/100Mission Score
$84KRevenue
$24KAssets
2Red Flags
3Strengths
Red Flags
Very low asset base relative to annual expenses, indicating limited financial resilience.
Liabilities ($23,310 in 202307) are nearly equal to assets ($23,781), suggesting minimal net unrestricted assets.
Strengths
Consistent reporting of 0% officer compensation, indicating strong mission focus and efficient use of funds.
Operates within its means, with expenses generally aligned with revenue, avoiding significant deficits.
Consistent IRS 990 filing history demonstrates commitment to transparency and compliance.
Spending Breakdown
How Connecticut Lyric Opera Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Connecticut Lyric Opera Inc
Is Connecticut Lyric Opera Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Lyric Opera Inc (EIN: 141896196) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Connecticut Lyric Opera Inc a good charity to donate to?
Connecticut Lyric Opera Inc has a Mission Score of 75/100. Revenue: $84K. Assets: $24K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Connecticut Lyric Opera Inc?
The Employer Identification Number (EIN) for Connecticut Lyric Opera Inc is 141896196. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Connecticut Lyric Opera Inc spend its money?
Connecticut Lyric Opera Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Connecticut Lyric Opera Inc's tax-exempt status?
You can verify Connecticut Lyric Opera Inc's tax-exempt status using EIN 141896196 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Connecticut Lyric Opera Inc demonstrates a consistent operational pattern with revenues closely matching expenses over the past decade. In the latest filing (202307), the organization reported revenue of $84,381 against expenses of $83,087, indicating a slight surplus. However, the organization's assets remain relatively modest at $23,781, with liabilities of $23,310 in 202307, suggesting limited financial reserves. The consistent reporting of 0% officer compensation across all available filings is a positive indicator of financial transparency and a focus on mission-related spending rather than executive enrichment. While the organization's financial health appears stable year-to-year, its small asset base relative to its operational budget means it has limited capacity to absorb significant financial shocks or invest in substantial growth initiatives.
The organization's spending efficiency is generally good, with expenses closely aligned with revenue, preventing significant deficits in most years. For example, in 201907, revenue was $76,822 and expenses were $73,173. The absence of reported officer compensation suggests that a high proportion of funds are likely directed towards program delivery and administrative support. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is challenging. The organization's consistent filing of IRS Form 990s over many years indicates a commitment to regulatory compliance and basic financial transparency.