Chicago Opera Theater
EIN: 237354963 · Chicago, IL · NTEE: A6A0
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $3.4M |
| Net Assets | $2.0M |
Is Chicago Opera Theater Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicago Opera Theater
Chicago Opera Theater (EIN: 237354963) is a nonprofit organization based in Chicago, IL, classified under NTEE code A6A0. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Opera Theater's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Opera Theater is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-759,249 |
| Total Assets | $2.2M |
| Total Liabilities | $196K |
| Net Assets | $2.0M |
| Operating Margin | -28.2% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2023, Chicago Opera Theater reported a deficit of $759K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicago Opera Theater's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.1% | +12.2% | -32.4% |
| 2022 | +51.7% | +29.2% | +79.1% |
| 2021 | -17.7% | -5.6% | +8.5% |
| 2020 | +27.8% | -13.1% | +150.0% |
| 2019 | +32.4% | +13.0% | -37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chicago Opera Theater has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chicago Opera Theater with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $759K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.0%.
Frequently Asked Questions about Chicago Opera Theater
Is Chicago Opera Theater a legitimate charity?
Based on AI analysis of IRS 990 filings, Chicago Opera Theater (EIN: 237354963) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chicago Opera Theater spend its money?
Detailed spending breakdown data is not yet available for Chicago Opera Theater. Check back for updated IRS 990 analysis.
Are donations to Chicago Opera Theater tax-deductible?
Chicago Opera Theater is registered as a tax-exempt nonprofit (EIN: 237354963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chicago Opera Theater located?
Chicago Opera Theater is headquartered in Chicago, Illinois and files with the IRS under EIN 237354963. It is classified under NTEE code A6A0.
How many years of IRS 990 filings does Chicago Opera Theater have?
Chicago Opera Theater has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Filing History
IRS 990 filing history for Chicago Opera Theater showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicago Opera Theater's revenue has grown by 24.1%, moving from $2.2M to $2.7M. Total assets increased by 276.8% over the same period, from $580K to $2.2M. Total functional expenses rose by 43.1%, from $2.4M to $3.4M. In its most recent filing year (2023), Chicago Opera Theater reported a deficit of $759K, with expenses exceeding revenue. The organization holds $196K in liabilities against $2.2M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.4M | $2.2M | $196K | — | View 990 |
| 2022 | $4.1M | $3.1M | $3.2M | $607K | — | View 990 |
| 2021 | $2.7M | $2.4M | $1.8M | $225K | — | — |
| 2020 | $3.3M | $2.5M | $1.7M | $438K | — | — |
| 2019 | $2.6M | $2.9M | $665K | $243K | — | View 990 |
| 2018 | $2.0M | $2.6M | $1.1M | $338K | — | View 990 |
| 2017 | $2.4M | $3.0M | $1.5M | $200K | — | View 990 |
| 2016 | $2.4M | $2.5M | $2.2M | $275K | — | View 990 |
| 2015 | $4.0M | $2.4M | $2.3M | $174K | — | View 990 |
| 2014 | $2.9M | $2.7M | $1.2M | $481K | — | View 990 |
| 2013 | $3.0M | $2.7M | $1.2M | $672K | — | View 990 |
| 2012 | $3.2M | $2.5M | $1.2M | $978K | — | View 990 |
| 2011 | $2.2M | $2.4M | $580K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.4M, and assets of $2.2M (revenue -35.1% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.1M, and assets of $3.2M (revenue +51.7% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.4M, and assets of $1.8M (revenue -17.7% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.5M, and assets of $1.7M (revenue +27.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.9M, and assets of $665K (revenue +32.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.6M, and assets of $1.1M (revenue -18.9% year-over-year).
- 2017: Revenue of $2.4M, expenses of $3.0M, and assets of $1.5M (revenue +1.5% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.5M, and assets of $2.2M (revenue -40.6% year-over-year).
- 2015: Revenue of $4.0M, expenses of $2.4M, and assets of $2.3M (revenue +39.1% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.7M, and assets of $1.2M (revenue -3.3% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.7M, and assets of $1.2M (revenue -7.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.5M, and assets of $1.2M (revenue +48.6% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.4M, and assets of $580K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Opera Theater:
Data Sources and Methodology
This transparency report for Chicago Opera Theater 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.