Is Victorian Lyric Opera Company Legit? —…

Quick charity verification for Victorian Lyric Opera Company (EIN: 201241410)

Strengths

Zero executive compensation: Consistently reports 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Strong asset growth: Assets have steadily increased from $53,722 in 2017 to $235,805 in 2023, demonstrating financial health and sustainability.
Positive net income in most years: The organization frequently generates a surplus, such as in 2023 ($206,623 revenue vs. $167,718 expenses), allowing for reinvestment in its mission.
Low liabilities: Liabilities are generally very low, with $33,726 in 2023, indicating a healthy balance sheet.

Spending Breakdown

How Victorian Lyric Opera Company allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Victorian Lyric Opera Company

Is Victorian Lyric Opera Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Victorian Lyric Opera Company (EIN: 201241410) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Victorian Lyric Opera Company a good charity to donate to?

Victorian Lyric Opera Company has a Mission Score of 92/100. Revenue: $200K. Assets: $255K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Victorian Lyric Opera Company?

The Employer Identification Number (EIN) for Victorian Lyric Opera Company is 201241410. 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 Victorian Lyric Opera Company spend its money?

Victorian Lyric Opera Company allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Victorian Lyric Opera Company's tax-exempt status?

You can verify Victorian Lyric Opera Company's tax-exempt status using EIN 201241410 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 Victorian Lyric Opera Company demonstrates generally sound financial health, with a notable increase in assets over the past several years, reaching $235,805 in 2023. Revenue has fluctuated, with a strong rebound to $206,623 in 2023 after a dip in 2022. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its mission. This also contributes positively to its transparency, as it suggests resources are directed towards programs rather than executive salaries.

Spending efficiency appears high, particularly given the absence of paid executive compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratio (expenses as a percentage of revenue) has varied. For instance, in 2023, expenses were $167,718 against $206,623 in revenue, indicating a healthy surplus. However, in 2022, expenses ($125,222) exceeded revenue ($75,356), resulting in a deficit for that year. The consistent growth in assets despite these fluctuations suggests effective financial management over the long term.

Overall, the Victorian Lyric Opera Company appears to be a well-managed organization with a strong commitment to its mission, supported by volunteer leadership and a growing asset base. The consistent reporting of 0% officer compensation enhances its transparency and signals a focus on program delivery.

Is Victorian Lyric Opera Company Legit?

Verdict: Victorian Lyric Opera Company appears trustworthy

Red Flags