Franklin Opera House Inc
Franklin Opera House Inc consistently operates with a surplus and growing assets, maintaining low liabilities and no officer compensation.
EIN: 20502848 · Franklin, NH · NTEE: A54 · Updated: 2026-03-28
Is Franklin Opera House Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Opera House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Opera House Inc
Franklin Opera House Inc (EIN: 20502848) is a nonprofit organization based in Franklin, NH, classified under NTEE code A54. The organization reported total revenue of $302K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Opera House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Opera House Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Franklin Opera House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size with latest revenue of $301,823.
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.
Strengths
The following positive indicators were identified for Franklin Opera House Inc:
- Consistent positive net income, with revenue exceeding expenses in most recent years (e.g., $108,503 revenue vs. $99,913 expenses in 2024).
- Significant asset growth, increasing from $68,709 in 2020 to $227,769 in 2024.
- Extremely low liabilities, consistently under $3,000 in recent years, indicating strong financial stability.
- 0% officer compensation reported across all filings, suggesting high efficiency and volunteer leadership.
- Long history of IRS 990 filings (15 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Franklin Opera House Inc
Is Franklin Opera House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Opera House Inc (EIN: 20502848) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Franklin Opera House Inc spend its money?
Franklin Opera House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Opera House Inc tax-deductible?
Franklin Opera House Inc is registered as a tax-exempt nonprofit (EIN: 20502848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Franklin Opera House Inc a good charity?
Based on the provided data, Franklin Opera House Inc appears to be a well-managed and financially healthy charity. They consistently operate with a surplus, have growing assets, maintain very low liabilities, and report 0% officer compensation, suggesting a strong focus on their mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing significantly from $68,709 in 2020 to $227,769 in 2024. Revenue has fluctuated but generally shows a positive trend, and expenses have been consistently managed to result in a surplus in most recent years.
What is the trend in their revenue and expenses?
Revenue has shown variability, peaking at $199,848 in 2022 and most recently at $108,503 in 2024. Expenses have generally increased in line with revenue but have been consistently lower than revenue in recent years (e.g., $99,913 expenses vs. $108,503 revenue in 2024), indicating effective cost control.
Filing History
IRS 990 filing history for Franklin Opera House Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2024), Franklin Opera House Inc's revenue has declined by 46%, moving from $201K to $109K. Total assets increased by 123.6% over the same period, from $102K to $228K. Total functional expenses fell by 50.8%, from $203K to $100K. In its most recent filing year (2024), Franklin Opera House Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $2K in liabilities against $228K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $226K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $109K | $100K | $228K | $2K | — | — |
| 2023 | $119K | $101K | $214K | $2K | — | View 990 |
| 2022 | $200K | $108K | $205K | $756 | — | View 990 |
| 2021 | $91K | $54K | $108K | $450 | — | — |
| 2020 | $101K | $118K | $69K | $1K | — | View 990 |
| 2019 | $93K | $89K | $85K | $1K | — | View 990 |
| 2018 | $84K | $80K | $85K | $110 | — | — |
| 2017 | $73K | $71K | $81K | $74 | — | View 990 |
| 2016 | $104K | $93K | $82K | $3K | — | View 990 |
| 2015 | $107K | $79K | $73K | $23K | — | View 990 |
| 2014 | $97K | $110K | $55K | $43K | — | View 990 |
| 2013 | $131K | $111K | $80K | $45K | — | View 990 |
| 2012 | $55K | $71K | $63K | $48K | — | View 990 |
| 2011 | $133K | $154K | $70K | $39K | — | View 990 |
| 2010 | $201K | $203K | $102K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $109K, expenses of $100K, and assets of $228K (revenue -8.8% year-over-year).
- 2023: Revenue of $119K, expenses of $101K, and assets of $214K (revenue -40.5% year-over-year).
- 2022: Revenue of $200K, expenses of $108K, and assets of $205K (revenue +119.4% year-over-year).
- 2021: Revenue of $91K, expenses of $54K, and assets of $108K (revenue -9.9% year-over-year).
- 2020: Revenue of $101K, expenses of $118K, and assets of $69K (revenue +8.9% year-over-year).
- 2019: Revenue of $93K, expenses of $89K, and assets of $85K (revenue +11.1% year-over-year).
- 2018: Revenue of $84K, expenses of $80K, and assets of $85K (revenue +13.8% year-over-year).
- 2017: Revenue of $73K, expenses of $71K, and assets of $81K (revenue -29.5% year-over-year).
- 2016: Revenue of $104K, expenses of $93K, and assets of $82K (revenue -2.8% year-over-year).
- 2015: Revenue of $107K, expenses of $79K, and assets of $73K (revenue +10.8% year-over-year).
- 2014: Revenue of $97K, expenses of $110K, and assets of $55K (revenue -26.2% year-over-year).
- 2013: Revenue of $131K, expenses of $111K, and assets of $80K (revenue +137.2% year-over-year).
- 2012: Revenue of $55K, expenses of $71K, and assets of $63K (revenue -58.3% year-over-year).
- 2011: Revenue of $133K, expenses of $154K, and assets of $70K (revenue -34.0% year-over-year).
- 2010: Revenue of $201K, expenses of $203K, and assets of $102K.
Data Sources and Methodology
This transparency report for Franklin 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.