Madison Opera Foundation Inc
EIN: 392021767 · Madison, WI · NTEE: A11
| Metric | Value |
|---|---|
| Total Revenue | $646K |
| Total Expenses | $119K |
| Net Assets | $2.6M |
Is Madison Opera Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Opera Foundation Inc
Madison Opera Foundation Inc (EIN: 392021767) is a nonprofit organization based in Madison, WI, classified under NTEE code A11. The organization reported total revenue of $646K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Opera Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Opera Foundation Inc is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $119K |
| Surplus / Deficit | +$77K |
| Total Assets | $2.6M |
| Net Assets | $2.6M |
| Operating Margin | 39.4% |
| Months of Reserves | 265.0 months |
Financial Health Grade: A
In 2024, Madison Opera Foundation Inc reported a surplus of $77K with revenue exceeding expenses, holds 265.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Madison Opera Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.9% | -26.9% | +16.0% |
| 2023 | +52.7% | +48.6% | +2.4% |
| 2022 | -55.8% | +14.1% | -15.2% |
| 2021 | +209.2% | -56.0% | +32.6% |
| 2020 | -74.0% | +124.7% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Opera Foundation Inc 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 Madison Opera Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
Frequently Asked Questions about Madison Opera Foundation Inc
Is Madison Opera Foundation Inc a legitimate charity?
Madison Opera Foundation Inc (EIN: 392021767) is a registered tax-exempt nonprofit based in Wisconsin. It has 14 years of IRS 990 filings on record. Total revenue: $646K. No red flags identified. Financial health grade: A.
How does Madison Opera Foundation Inc spend its money?
Madison Opera Foundation Inc reported $646K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Madison Opera Foundation Inc tax-deductible?
Madison Opera Foundation Inc is registered as a tax-exempt nonprofit (EIN: 392021767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison Opera Foundation Inc located?
Madison Opera Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 392021767. It is classified under NTEE code A11.
How many years of IRS 990 filings does Madison Opera Foundation Inc have?
Madison Opera Foundation Inc has 14 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 $646K in total revenue.
Filing History
IRS 990 filing history for Madison Opera Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Madison Opera Foundation Inc's revenue has grown by 86.6%, moving from $105K to $196K. Total assets increased by 181.8% over the same period, from $929K to $2.6M. Total functional expenses rose by 31.1%, from $90K to $119K. In its most recent filing year (2024), Madison Opera Foundation Inc reported a surplus of $77K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $196K | $119K | $2.6M | $0 | — | — |
| 2023 | $181K | $162K | $2.3M | $0 | — | View 990 |
| 2022 | $119K | $109K | $2.2M | $0 | — | View 990 |
| 2021 | $269K | $96K | $2.6M | $0 | — | View 990 |
| 2020 | $87K | $217K | $2.0M | $0 | — | View 990 |
| 2019 | $334K | $97K | $2.0M | $0 | — | View 990 |
| 2018 | $499K | $62K | $1.9M | $0 | — | View 990 |
| 2017 | $88K | $58K | $1.4M | $0 | — | View 990 |
| 2016 | $272K | $51K | $1.3M | $0 | — | View 990 |
| 2015 | $67K | $49K | $1.0M | $0 | — | View 990 |
| 2014 | $180K | $45K | $1.1M | $0 | — | View 990 |
| 2013 | $36K | $58K | $872K | $0 | — | View 990 |
| 2012 | $28K | $210K | $804K | $0 | — | View 990 |
| 2011 | $105K | $90K | $929K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $196K, expenses of $119K, and assets of $2.6M (revenue +7.9% year-over-year).
- 2023: Revenue of $181K, expenses of $162K, and assets of $2.3M (revenue +52.7% year-over-year).
- 2022: Revenue of $119K, expenses of $109K, and assets of $2.2M (revenue -55.8% year-over-year).
- 2021: Revenue of $269K, expenses of $96K, and assets of $2.6M (revenue +209.2% year-over-year).
- 2020: Revenue of $87K, expenses of $217K, and assets of $2.0M (revenue -74.0% year-over-year).
- 2019: Revenue of $334K, expenses of $97K, and assets of $2.0M (revenue -33.0% year-over-year).
- 2018: Revenue of $499K, expenses of $62K, and assets of $1.9M (revenue +467.5% year-over-year).
- 2017: Revenue of $88K, expenses of $58K, and assets of $1.4M (revenue -67.7% year-over-year).
- 2016: Revenue of $272K, expenses of $51K, and assets of $1.3M (revenue +305.5% year-over-year).
- 2015: Revenue of $67K, expenses of $49K, and assets of $1.0M (revenue -62.7% year-over-year).
- 2014: Revenue of $180K, expenses of $45K, and assets of $1.1M (revenue +397.5% year-over-year).
- 2013: Revenue of $36K, expenses of $58K, and assets of $872K (revenue +30.8% year-over-year).
- 2012: Revenue of $28K, expenses of $210K, and assets of $804K (revenue -73.7% year-over-year).
- 2011: Revenue of $105K, expenses of $90K, and assets of $929K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Opera Foundation Inc:
Data Sources and Methodology
This transparency report for Madison Opera Foundation 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.