Quick charity verification for The Opera House At Boothbay Harbor (EIN: 10528754)
Verdict: The Opera House At Boothbay Harbor appears trustworthy
90/100Mission Score
$764KRevenue
$3.2MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency calculations difficult.
Strengths
Consistent asset growth, reaching over $3 million in 2023.
Extremely low liabilities, consistently under $10,000 for most years, indicating minimal debt.
0% reported officer compensation across all filings, suggesting highly efficient or volunteer-led executive management.
Positive revenue trend, with significant growth from $364,484 in 2020 to $582,571 in 2023.
Balanced budget in recent years, with revenues closely matching expenses (e.g., $582,571 revenue vs. $579,801 expenses in 2023).
Spending Breakdown
How The Opera House At Boothbay Harbor 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 The Opera House At Boothbay Harbor
Is The Opera House At Boothbay Harbor a legitimate charity?
Based on AI analysis of IRS 990 filings, The Opera House At Boothbay Harbor (EIN: 10528754) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is The Opera House At Boothbay Harbor a good charity to donate to?
The Opera House At Boothbay Harbor has a Mission Score of 90/100. Revenue: $764K. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Opera House At Boothbay Harbor?
The Employer Identification Number (EIN) for The Opera House At Boothbay Harbor is 10528754. 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 The Opera House At Boothbay Harbor spend its money?
The Opera House At Boothbay Harbor allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Opera House At Boothbay Harbor's tax-exempt status?
You can verify The Opera House At Boothbay Harbor's tax-exempt status using EIN 10528754 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 Opera House At Boothbay Harbor demonstrates consistent financial stability with growing revenues and assets over the past decade. In 2023, the organization reported revenues of $582,571 against expenses of $579,801, indicating a balanced operational budget. Their assets have steadily increased, reaching $3,041,072 in 2023, up from $2,747,133 in 2014, suggesting sound financial management and potentially successful fundraising or investment strategies. The organization's liabilities remain very low, consistently under $10,000 for most years, which is a strong indicator of fiscal health and minimal debt burden.
The organization's spending efficiency appears strong, as evidenced by their balanced budget and growth in net assets. A key aspect of their transparency and efficiency is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean administrative structure for executive roles. This practice significantly reduces overhead and allows a greater proportion of funds to be directed towards their mission. While specific program spending ratios are not detailed in the provided data, the overall financial picture points to a well-managed and fiscally responsible nonprofit.