Is Lebanon Opera House Improvement Corporation Legit?
Quick charity verification for Lebanon Opera House Improvement Corporation (EIN: 20448277)
Verdict: Lebanon Opera House Improvement Corporation appears trustworthy
90/100Mission Score
$2.5MRevenue
$7.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Significant revenue growth, particularly in the 2023 fiscal year ($3,043,013).
Substantial increase in assets, from $216,666 in 2016 to $3,752,803 in 2023, indicating strong financial stewardship.
Consistent reporting of 0% officer compensation, demonstrating a high commitment to mission-related spending.
Positive net income in recent years, contributing to asset accumulation.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Spending Breakdown
How Lebanon Opera House Improvement Corporation 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 Lebanon Opera House Improvement Corporation
Is Lebanon Opera House Improvement Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lebanon Opera House Improvement Corporation (EIN: 20448277) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Lebanon Opera House Improvement Corporation a good charity to donate to?
Lebanon Opera House Improvement Corporation has a Mission Score of 90/100. Revenue: $2.5M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lebanon Opera House Improvement Corporation?
The Employer Identification Number (EIN) for Lebanon Opera House Improvement Corporation is 20448277. 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 Lebanon Opera House Improvement Corporation spend its money?
Lebanon Opera House Improvement Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lebanon Opera House Improvement Corporation's tax-exempt status?
You can verify Lebanon Opera House Improvement Corporation's tax-exempt status using EIN 20448277 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
The Lebanon Opera House Improvement Corporation demonstrates a strong and improving financial trajectory, particularly in its most recent filing period. In fiscal year 2023, the organization reported revenue of $3,043,013 against expenses of $1,304,590, indicating a significant surplus that contributed to a substantial increase in assets from $2,023,821 in 2022 to $3,752,803 in 2023. This growth in assets, alongside a relatively stable liability profile, suggests sound financial management and a healthy balance sheet. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing resources towards its mission rather than executive salaries, enhancing its transparency and public trust.
The organization's spending efficiency appears robust, with expenses consistently lower than revenue in recent years, allowing for asset accumulation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health, marked by increasing revenue and assets, points to effective resource utilization. The absence of officer compensation is a notable positive for transparency and efficiency. The significant increase in assets over the past few years, from $216,666 in 2016 to $3,752,803 in 2023, reflects successful fundraising and financial stewardship, positioning the organization for sustained impact.