Lebanon Opera House Improvement Corporation

Is Lebanon Opera House Improvement Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Lebanon Opera House Improvement Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lebanon Opera House Improvement Corporation

Lebanon Opera House Improvement Corporation (EIN: 20448277) is a nonprofit organization based in Lebanon, NH, classified under NTEE code A65I. The organization reported total revenue of $2.5M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lebanon Opera House Improvement Corporation'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 Lebanon Opera House Improvement Corporation 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, Lebanon Opera House Improvement Corporation 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 no officers received compensation from the organization. This is highly favorable, suggesting all resources are directed towards the organization's mission, especially given its growing revenue and asset base.

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 Lebanon Opera House Improvement Corporation:

• Significant revenue growth, particularly in the 2023 fiscal year ($3,043,013).
• Substantial increase in assets, from $216,666 in 2016 to $3,752,803 in 2023, indicating strong financial stewardship.
• Consistent reporting of 0% officer compensation, demonstrating a high commitment to mission-related spending.
• Positive net income in recent years, contributing to asset accumulation.
• Low liabilities relative to assets, suggesting a healthy balance sheet.

Frequently Asked Questions about Lebanon Opera House Improvement Corporation

Filing History

IRS 990 filing history for Lebanon Opera House Improvement Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lebanon Opera House Improvement Corporation's revenue has grown by 275.9%, moving from $810K to $3.0M. Total assets increased by 871% over the same period, from $386K to $3.8M. Total functional expenses rose by 56.1%, from $835K to $1.3M. In its most recent filing year (2023), Lebanon Opera House Improvement Corporation reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $286K in liabilities against $3.8M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $3.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $1.3M, and assets of $3.8M (revenue +66.9% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.0M, and assets of $2.0M (revenue +135.1% year-over-year).
• 2021: Revenue of $776K, expenses of $460K, and assets of $1.2M (revenue -13.1% year-over-year).
• 2020: Revenue of $893K, expenses of $751K, and assets of $810K (revenue -34.1% year-over-year).
• 2019: Revenue of $1.4M, expenses of $901K, and assets of $750K (revenue +69.1% year-over-year).
• 2018: Revenue of $801K, expenses of $825K, and assets of $303K (revenue -19.3% year-over-year).
• 2017: Revenue of $993K, expenses of $1.0M, and assets of $277K (revenue +15.5% year-over-year).
• 2016: Revenue of $859K, expenses of $909K, and assets of $217K (revenue -13.8% year-over-year).
• 2015: Revenue of $997K, expenses of $1.0M, and assets of $241K (revenue +6.3% year-over-year).
• 2014: Revenue of $939K, expenses of $971K, and assets of $332K (revenue +21.5% year-over-year).
• 2013: Revenue of $772K, expenses of $737K, and assets of $310K (revenue +2.5% year-over-year).
• 2012: Revenue of $754K, expenses of $776K, and assets of $341K (revenue -6.9% year-over-year).
• 2011: Revenue of $810K, expenses of $835K, and assets of $386K.

Data Sources and Methodology

This transparency report for Lebanon Opera House Improvement Corporation 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.