Consistent asset growth, from $361,918 in 2014 to $695,777 in 2023.
Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
Generally positive net income in most years, demonstrating financial sustainability.
Stable management of a consistent $70,000 liability over a decade.
Spending Breakdown
How Norway Maine Opera House Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Norway Maine Opera House Corp
Is Norway Maine Opera House Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Norway Maine Opera House Corp (EIN: 10528379) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Norway Maine Opera House Corp a good charity to donate to?
Norway Maine Opera House Corp has a Mission Score of 85/100. Revenue: $70K. Assets: $700K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Norway Maine Opera House Corp?
The Employer Identification Number (EIN) for Norway Maine Opera House Corp is 10528379. 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 Norway Maine Opera House Corp spend its money?
Norway Maine Opera House Corp allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Norway Maine Opera House Corp's tax-exempt status?
You can verify Norway Maine Opera House Corp's tax-exempt status using EIN 10528379 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
Norway Maine Opera House Corp demonstrates a generally stable financial position with fluctuating but often positive net income over the past decade. In 2023, the organization reported revenue of $134,974 against expenses of $91,813, indicating a healthy surplus. Assets have shown consistent growth, reaching $695,777 in 2023 from $361,918 in 2014, suggesting effective asset management or successful capital campaigns. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds, contributing positively to its transparency and public trust.
Spending efficiency appears strong, particularly given the zero officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratios relative to revenue are favorable in most years. For instance, in 2023, expenses were approximately 68% of revenue. The consistent liability of $70,000 across all reported years suggests a long-term debt or obligation that the organization has managed to maintain without significant increase, which is a positive sign of financial stability. The significant revenue fluctuations, from $0 in 2014 to $159,389 in 2015, suggest reliance on grants, donations, or specific events, which can introduce some financial unpredictability.
Overall, the organization exhibits good financial health with growing assets and a commitment to minimizing overhead through volunteer leadership. Its transparency is bolstered by the clear reporting of zero officer compensation. The primary area for potential improvement in transparency reporting would be a more detailed breakdown of expenses into program, administrative, and fundraising categories to allow for a more precise assessment of spending efficiency.