Quick charity verification for Franklin Opera House Inc (EIN: 20502848)
Verdict: Franklin Opera House Inc appears trustworthy
90/100Mission Score
$302KRevenue
$389KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net income, with revenue exceeding expenses in most recent years (e.g., $108,503 revenue vs. $99,913 expenses in 2024).
Significant asset growth, increasing from $68,709 in 2020 to $227,769 in 2024.
Extremely low liabilities, consistently under $3,000 in recent years, indicating strong financial stability.
0% officer compensation reported across all filings, suggesting high efficiency and volunteer leadership.
Long history of IRS 990 filings (15 filings), demonstrating consistent transparency and compliance.
Spending Breakdown
How Franklin Opera House 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 Franklin Opera House Inc
Is Franklin Opera House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Opera House Inc (EIN: 20502848) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Franklin Opera House Inc a good charity to donate to?
Franklin Opera House Inc has a Mission Score of 90/100. Revenue: $302K. Assets: $389K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Franklin Opera House Inc?
The Employer Identification Number (EIN) for Franklin Opera House Inc is 20502848. 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 Franklin Opera House Inc spend its money?
Franklin Opera House Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Franklin Opera House Inc's tax-exempt status?
You can verify Franklin Opera House Inc's tax-exempt status using EIN 20502848 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
Franklin Opera House Inc demonstrates consistent financial health with a positive net income in most recent years. For example, in fiscal year 2024, the organization reported revenues of $108,503 against expenses of $99,913, indicating a surplus. Their assets have shown significant growth, increasing from $68,709 in 2020 to $227,769 in 2024, suggesting prudent financial management and reinvestment. The organization's liabilities have remained very low, consistently under $3,000 in recent years, which is a strong indicator of financial stability and low risk.
The spending efficiency appears strong, with expenses generally well-managed relative to revenue. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean executive structure, which contributes to a higher proportion of funds potentially going towards programs. This structure also enhances transparency by minimizing potential conflicts of interest related to executive pay. The organization's consistent filing of IRS Form 990 over 15 periods further demonstrates a commitment to transparency and regulatory compliance.