Quick charity verification for Opera Carolina Endowment (EIN: 202533756)
Verdict: Opera Carolina Endowment appears trustworthy
90/100Mission Score
$268KRevenue
$3.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth and maintenance of a strong asset base, currently at $3,902,772.
Zero officer compensation reported across all filings, indicating efficient overhead.
Minimal to zero liabilities reported in recent years, demonstrating strong financial health.
Clear and consistent IRS 990 filing history, indicating good transparency.
Focus on long-term financial stability for its beneficiary, Opera Carolina.
Spending Breakdown
How Opera Carolina Endowment allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
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 Opera Carolina Endowment
Is Opera Carolina Endowment a legitimate charity?
Based on AI analysis of IRS 990 filings, Opera Carolina Endowment (EIN: 202533756) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Opera Carolina Endowment a good charity to donate to?
Opera Carolina Endowment has a Mission Score of 90/100. Revenue: $268K. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Opera Carolina Endowment?
The Employer Identification Number (EIN) for Opera Carolina Endowment is 202533756. 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 Opera Carolina Endowment spend its money?
Opera Carolina Endowment allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Opera Carolina Endowment's tax-exempt status?
You can verify Opera Carolina Endowment's tax-exempt status using EIN 202533756 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
Opera Carolina Endowment primarily functions as an endowment, meaning its financial health is largely tied to its investment performance and ability to grow its asset base to support its beneficiary, Opera Carolina. The organization consistently maintains a strong asset base, currently at $3,902,772, with minimal to no liabilities reported in recent years, indicating sound financial management and stability. Its revenue streams fluctuate significantly year-to-year, as is common for endowments relying on investment returns and contributions, ranging from a low of $2,897 in 2016 to a high of $596,790 in 2014.
Spending efficiency is difficult to assess in a traditional program-to-admin ratio for an endowment, as its primary 'program' is asset management and distribution to the parent organization. The filings show expenses, which would primarily be investment management fees and administrative costs, are generally well below revenue in most profitable years, allowing for asset growth. The consistent reporting of zero officer compensation across all filings indicates a lean operational structure and potentially volunteer leadership, which is a positive sign for minimizing administrative overhead. Transparency is high, with consistent annual filings and clear reporting of assets, liabilities, revenue, and expenses.