Magnum Opus Inc
EIN: 820931332 · Madison, WI · NTEE: A63
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $69K |
| Net Assets | $94K |
Is Magnum Opus Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Magnum Opus Inc
Magnum Opus Inc (EIN: 820931332) is a nonprofit organization based in Madison, WI, classified under NTEE code A63. The organization reported total revenue of $186K and total assets of $130K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magnum Opus Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magnum Opus Inc is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $69K |
| Surplus / Deficit | +$29K |
| Total Assets | $112K |
| Total Liabilities | $19K |
| Net Assets | $94K |
| Operating Margin | 29.4% |
| Debt-to-Asset Ratio | 16.7% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2024, Magnum Opus Inc reported a surplus of $29K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.7% (very low leverage).
Financial Trends
Over 2 years of filings (2023–2024), Magnum Opus Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.6% | -21.4% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Magnum Opus 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 Magnum Opus 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.7%.
Frequently Asked Questions about Magnum Opus Inc
Is Magnum Opus Inc a legitimate charity?
Magnum Opus Inc (EIN: 820931332) is a registered tax-exempt nonprofit based in Wisconsin. It has 2 years of IRS 990 filings on record. Total revenue: $186K. No red flags identified. Financial health grade: A.
How does Magnum Opus Inc spend its money?
Magnum Opus Inc reported $186K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Magnum Opus Inc tax-deductible?
Magnum Opus Inc is registered as a tax-exempt nonprofit (EIN: 820931332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Magnum Opus Inc located?
Magnum Opus Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 820931332. It is classified under NTEE code A63.
How many years of IRS 990 filings does Magnum Opus Inc have?
Magnum Opus Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $186K in total revenue.
Filing History
IRS 990 filing history for Magnum Opus Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Magnum Opus Inc's revenue has declined by 5.6%, moving from $103K to $97K. Total assets increased by 8.2% over the same period, from $104K to $112K. Total functional expenses fell by 21.4%, from $87K to $69K. In its most recent filing year (2024), Magnum Opus Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $19K in liabilities against $112K in assets (debt-to-asset ratio: 16.7%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $97K | $69K | $112K | $19K | — | — |
| 2023 | $103K | $87K | $104K | $39K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magnum Opus Inc:
Data Sources and Methodology
This transparency report for Magnum Opus 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.