Lyric Opera Of The North Incorporated
Lyric Opera Of The North maintains stable operations with volunteer leadership and consistent revenue.
EIN: 201896591 · Duluth, MN · NTEE: A6A · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $306K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $96K |
| Transparency Score | 90/100 |
Is Lyric Opera Of The North Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyric Opera Of The North Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lyric Opera Of The North Incorporated
Lyric Opera Of The North Incorporated (EIN: 201896591) is a nonprofit organization based in Duluth, MN, classified under NTEE code A6A. The organization reported total revenue of $277K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyric Opera Of The North Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyric Opera Of The North Incorporated is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $306K |
| Surplus / Deficit | $-14,416 |
| Total Assets | $99K |
| Total Liabilities | $3K |
| Net Assets | $96K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Lyric Opera Of The North Incorporated reported a deficit of $14K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lyric Opera Of The North Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +12.6% | -14.2% |
| 2022 | +14.0% | +88.0% | +13.9% |
| 2021 | +20.8% | -26.2% | +191.0% |
| 2020 | -24.4% | -30.8% | +188.8% |
| 2019 | +18.7% | +13.2% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lyric Opera Of The North Incorporated 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lyric Opera Of The North Incorporated allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
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 mechanisms not categorized as officer compensation on the 990, which is highly efficient for an organization of its size with revenues around $200,000-$300,000 annually.
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 Lyric Opera Of The North Incorporated's IRS 990 filings:
- Slight deficit in 2023 where expenses ($305,890) exceeded revenue ($291,474).
Strengths
The following positive indicators were identified for Lyric Opera Of The North Incorporated:
- Consistent 0% officer compensation, indicating high efficiency.
- Stable revenue generation over a decade.
- Healthy and growing asset base, reaching nearly $100,000 in 2023.
- Low liabilities, demonstrating good financial management.
- Consistent IRS 990 filing history, indicating strong transparency.
Frequently Asked Questions about Lyric Opera Of The North Incorporated
Is Lyric Opera Of The North Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyric Opera Of The North Incorporated (EIN: 201896591) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Lyric Opera Of The North Incorporated spend its money?
Lyric Opera Of The North Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lyric Opera Of The North Incorporated tax-deductible?
Lyric Opera Of The North Incorporated is registered as a tax-exempt nonprofit (EIN: 201896591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lyric Opera Of The North Incorporated CEO make?
Lyric Opera Of The North Incorporated's highest-compensated officer earns $200,000 annually. The organization reported $277K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lyric Opera Of The North Incorporated's spending goes to programs?
Lyric Opera Of The North Incorporated directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lyric Opera Of The North Incorporated compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Lyric Opera Of The North Incorporated is above average for NTEE category A6A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lyric Opera Of The North Incorporated located?
Lyric Opera Of The North Incorporated is headquartered in Duluth, Minnesota and files with the IRS under EIN 201896591. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Lyric Opera Of The North Incorporated have?
Lyric Opera Of The North Incorporated 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 $277K in total revenue.
Is Lyric Opera Of The North Incorporated a good charity?
Based on the provided financial data, Lyric Opera Of The North Incorporated appears to be a good charity. It consistently files its IRS 990s, shows stable financial operations, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation, generally between $100,000 and $300,000 annually. Assets have grown significantly from around $10,000 in earlier years to nearly $100,000 in recent periods, indicating improved financial stability. Liabilities have remained low, demonstrating prudent financial management.
What is the trend in assets and liabilities?
Assets have shown a general upward trend, from $9,765 in 2014 to $98,550 in 2023, with a peak of $114,889 in 2022. Liabilities have remained relatively low and stable, typically under $10,000, indicating a healthy balance sheet.
Does the organization spend efficiently?
Yes, the organization appears to spend very efficiently, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are likely directed towards program services rather than administrative overhead for executive salaries.
Filing History
IRS 990 filing history for Lyric Opera Of The North Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lyric Opera Of The North Incorporated's revenue has grown by 623.9%, moving from $40K to $291K. Total assets increased by 22196.4% over the same period, from $442 to $99K. Total functional expenses rose by 457.4%, from $55K to $306K. In its most recent filing year (2023), Lyric Opera Of The North Incorporated reported a deficit of $14K, with expenses exceeding revenue. The organization holds $3K in liabilities against $99K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $306K | $99K | $3K | — | View 990 |
| 2022 | $288K | $272K | $115K | $5K | — | View 990 |
| 2021 | $253K | $144K | $101K | $7K | — | View 990 |
| 2020 | $209K | $196K | $35K | $52K | — | View 990 |
| 2019 | $276K | $283K | $12K | $43K | — | View 990 |
| 2018 | $233K | $250K | $10K | $35K | — | View 990 |
| 2017 | $193K | $211K | $12K | $16K | — | View 990 |
| 2016 | $173K | $175K | $20K | $5K | — | View 990 |
| 2015 | $104K | $91K | $33K | $17K | — | View 990 |
| 2014 | $103K | $110K | $10K | $6K | — | View 990 |
| 2013 | $75K | $55K | $18K | $7K | — | View 990 |
| 2012 | $57K | $54K | $1K | $11K | — | View 990 |
| 2011 | $40K | $55K | $442 | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $306K, and assets of $99K (revenue +1.2% year-over-year).
- 2022: Revenue of $288K, expenses of $272K, and assets of $115K (revenue +14.0% year-over-year).
- 2021: Revenue of $253K, expenses of $144K, and assets of $101K (revenue +20.8% year-over-year).
- 2020: Revenue of $209K, expenses of $196K, and assets of $35K (revenue -24.4% year-over-year).
- 2019: Revenue of $276K, expenses of $283K, and assets of $12K (revenue +18.7% year-over-year).
- 2018: Revenue of $233K, expenses of $250K, and assets of $10K (revenue +20.8% year-over-year).
- 2017: Revenue of $193K, expenses of $211K, and assets of $12K (revenue +11.6% year-over-year).
- 2016: Revenue of $173K, expenses of $175K, and assets of $20K (revenue +65.9% year-over-year).
- 2015: Revenue of $104K, expenses of $91K, and assets of $33K (revenue +0.8% year-over-year).
- 2014: Revenue of $103K, expenses of $110K, and assets of $10K (revenue +37.7% year-over-year).
- 2013: Revenue of $75K, expenses of $55K, and assets of $18K (revenue +32.3% year-over-year).
- 2012: Revenue of $57K, expenses of $54K, and assets of $1K (revenue +40.8% year-over-year).
- 2011: Revenue of $40K, expenses of $55K, and assets of $442.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyric Opera Of The North Incorporated:
Data Sources and Methodology
This transparency report for Lyric Opera Of The North Incorporated 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.