Bardavon 1869 Opera House Inc

Bardavon 1869 Opera House maintains strong assets despite fluctuating revenues and occasional operating deficits.

EIN: 141585490 · Poughkeepsie, NY · NTEE: A61 · Updated: 2026-03-28

$4.6MRevenue

$16.0MAssets

85/100Mission Score (Excellent)

A61

About Bardavon 1869 Opera House Inc

Bardavon 1869 Opera House Inc (EIN: 141585490) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code A61. The organization reported total revenue of $4.6M and total assets of $16.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bardavon 1869 Opera House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bardavon 1869 Opera House Inc. demonstrates a generally stable financial position with fluctuating but often positive net assets over the past several years. For instance, assets grew from $10,116,876 in 2016 to $16,162,106 in 2023. The organization's revenue has shown significant variability, from a low of $975,597 in 2017 to a high of $7,545,733 in 2022, indicating reliance on diverse funding streams or project-specific income. In the most recent filing (202310), expenses ($4,502,634) exceeded revenue ($4,109,946), resulting in a deficit for that period, which warrants monitoring. However, the organization maintains substantial assets relative to its liabilities, suggesting a healthy balance sheet overall.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings is a notable positive for transparency and suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size. This practice, if accurate, could contribute to lower administrative overhead. The organization's mission focus on arts and culture (NTEE A61) appears consistent with its operational scale.

Overall, while there are periods of deficit spending, the organization's long-term asset growth and consistent reporting of no officer compensation point to a financially sound and transparent operation. Further detail on program vs. administrative spending would enhance the assessment of efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bardavon 1869 Opera House Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Bardavon 1869 Opera House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with annual revenues often exceeding $3 million and assets over $15 million. This suggests either a volunteer-led executive team or compensation structured in a way that is not reported as 'officer compensation' on the 990.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bardavon 1869 Opera House Inc's IRS 990 filings:

Significant year-to-year revenue volatility, making financial planning potentially challenging.
Expenses exceeded revenue in the most recent filing (202310), indicating an operating deficit for that period.

Strengths

The following positive indicators were identified for Bardavon 1869 Opera House Inc:

Consistent growth in net assets over the long term, from $10.1M in 2016 to $16.1M in 2023.
Very strong asset-to-liability ratio, indicating robust financial health.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
Long history of IRS 990 filings (14 filings), indicating transparency and compliance.

Frequently Asked Questions about Bardavon 1869 Opera House Inc

Is Bardavon 1869 Opera House Inc. financially stable?

Yes, the organization appears financially stable, with assets consistently growing from $10.1 million in 2016 to $16.1 million in 2023, significantly outweighing liabilities. While there are periods of deficit spending, such as in 2023 ($4.1M revenue vs. $4.5M expenses), the overall asset base provides a strong buffer.

How does Bardavon 1869 Opera House Inc. manage executive compensation?

The organization consistently reports 0% for officer compensation in all available filings. This is highly unusual for an organization of its size and suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990.

Has the organization's revenue been consistent?

No, the organization's revenue has been highly inconsistent, ranging from a low of $975,597 in 2017 to a high of $7,545,733 in 2022. This variability could indicate reliance on grants, specific projects, or event-driven income.

Are the organization's liabilities manageable?

Yes, liabilities appear manageable. In the latest filing (202310), liabilities were $1,220,451 against assets of $16,162,106, indicating a very strong asset-to-liability ratio.

Filing History

IRS 990 filing history for Bardavon 1869 Opera House Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), Bardavon 1869 Opera House Inc's revenue has declined by 12.8%, moving from $4.7M to $4.1M. Total assets increased by 55.6% over the same period, from $10.4M to $16.2M. Total functional expenses rose by 5.7%, from $4.3M to $4.5M. In its most recent filing year (2023), Bardavon 1869 Opera House Inc reported a deficit of $393K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $16.2M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $14.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.1M	$4.5M	$16.2M	$1.2M	—	—
2022	$7.5M	$3.9M	$16.1M	$914K	—	View 990
2021	$3.0M	$1.7M	$14.7M	$1.5M	—	View 990
2020	$2.4M	$2.4M	$12.8M	$1.4M	—	—
2019	$2.9M	$3.8M	$13.1M	$1.7M	—	View 990
2018	$5.3M	$3.7M	$13.4M	$1.3M	—	View 990
2017	$976K	$1.1M	$13.5M	$2.9M	—	View 990
2017	$3.8M	$4.3M	$10.6M	$1.6M	—	View 990
2016	$3.1M	$3.8M	$10.1M	$844K	—	View 990
2015	$5.5M	$4.1M	$11.2M	$1.1M	—	View 990
2014	$3.6M	$3.9M	$9.8M	$1.1M	—	View 990
2013	$3.2M	$3.8M	$9.7M	$998K	—	View 990
2012	$3.2M	$4.0M	$9.6M	$595K	—	View 990
2011	$4.7M	$4.3M	$10.4M	$570K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.1M, expenses of $4.5M, and assets of $16.2M (revenue -45.5% year-over-year).
2022: Revenue of $7.5M, expenses of $3.9M, and assets of $16.1M (revenue +152.6% year-over-year).
2021: Revenue of $3.0M, expenses of $1.7M, and assets of $14.7M (revenue +25.4% year-over-year).
2020: Revenue of $2.4M, expenses of $2.4M, and assets of $12.8M (revenue -19.2% year-over-year).
2019: Revenue of $2.9M, expenses of $3.8M, and assets of $13.1M (revenue -44.2% year-over-year).
2018: Revenue of $5.3M, expenses of $3.7M, and assets of $13.4M (revenue +442.1% year-over-year).
2017: Revenue of $976K, expenses of $1.1M, and assets of $13.5M (revenue -74.2% year-over-year).
2017: Revenue of $3.8M, expenses of $4.3M, and assets of $10.6M (revenue +22.9% year-over-year).
2016: Revenue of $3.1M, expenses of $3.8M, and assets of $10.1M (revenue -43.8% year-over-year).
2015: Revenue of $5.5M, expenses of $4.1M, and assets of $11.2M (revenue +53.2% year-over-year).
2014: Revenue of $3.6M, expenses of $3.9M, and assets of $9.8M (revenue +10.3% year-over-year).
2013: Revenue of $3.2M, expenses of $3.8M, and assets of $9.7M (revenue +0.7% year-over-year).
2012: Revenue of $3.2M, expenses of $4.0M, and assets of $9.6M (revenue -31.6% year-over-year).
2011: Revenue of $4.7M, expenses of $4.3M, and assets of $10.4M.

Data Sources and Methodology

This transparency report for Bardavon 1869 Opera House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.