Mill City Summer Opera
EIN: 364700566 · Minneapolis, MN · NTEE: A6A
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $138K |
| Net Assets | $-72,661 |
Is Mill City Summer Opera Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mill City Summer Opera
Mill City Summer Opera (EIN: 364700566) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A6A. The organization reported total revenue of $128K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mill City Summer Opera's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mill City Summer Opera is a small nonprofit that has been operating for 15 years, with 7 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -15.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $138K |
| Surplus / Deficit | $-10,088 |
| Total Assets | $29K |
| Total Liabilities | $101K |
| Net Assets | $-72,661 |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 353.8% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2020, Mill City Summer Opera reported a deficit of $10K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 353.8% (high leverage).
Financial Trends
Over 7 years of filings (2012–2020), Mill City Summer Opera's revenue has declined at a compound annual growth rate (CAGR) of -15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -81.7% | -81.4% | -68.0% |
| 2018 | +35.0% | +36.9% | -9.2% |
| 2017 | -10.7% | -2.3% | -28.8% |
| 2015 | +4.6% | -12.6% | +54.9% |
| 2014 | +11.5% | +31.6% | +159.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mill City Summer Opera 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 Mill City Summer Opera 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 353.8%.
Frequently Asked Questions about Mill City Summer Opera
Is Mill City Summer Opera a legitimate charity?
Based on AI analysis of IRS 990 filings, Mill City Summer Opera (EIN: 364700566) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mill City Summer Opera spend its money?
Detailed spending breakdown data is not yet available for Mill City Summer Opera. Check back for updated IRS 990 analysis.
Are donations to Mill City Summer Opera tax-deductible?
Mill City Summer Opera is registered as a tax-exempt nonprofit (EIN: 364700566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mill City Summer Opera located?
Mill City Summer Opera is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 364700566. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Mill City Summer Opera have?
Mill City Summer Opera has 7 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 $128K in total revenue.
Filing History
IRS 990 filing history for Mill City Summer Opera showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2020), Mill City Summer Opera's revenue has declined by 73%, moving from $475K to $128K. Total assets decreased by 32.7% over the same period, from $43K to $29K. Total functional expenses fell by 69.9%, from $460K to $138K. In its most recent filing year (2020), Mill City Summer Opera reported a deficit of $10K, with expenses exceeding revenue. The organization holds $101K in liabilities against $29K in assets (debt-to-asset ratio: 353.8%), resulting in net assets of $-72,661.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $128K | $138K | $29K | $101K | — | — |
| 2018 | $700K | $745K | $89K | $159K | — | View 990 |
| 2017 | $518K | $544K | $98K | $125K | — | View 990 |
| 2015 | $580K | $557K | $138K | $169K | — | View 990 |
| 2014 | $555K | $638K | $89K | $144K | — | View 990 |
| 2013 | $498K | $484K | $34K | $6K | — | View 990 |
| 2012 | $475K | $460K | $43K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $128K, expenses of $138K, and assets of $29K (revenue -81.7% year-over-year).
- 2018: Revenue of $700K, expenses of $745K, and assets of $89K (revenue +35.0% year-over-year).
- 2017: Revenue of $518K, expenses of $544K, and assets of $98K (revenue -10.7% year-over-year).
- 2015: Revenue of $580K, expenses of $557K, and assets of $138K (revenue +4.6% year-over-year).
- 2014: Revenue of $555K, expenses of $638K, and assets of $89K (revenue +11.5% year-over-year).
- 2013: Revenue of $498K, expenses of $484K, and assets of $34K (revenue +4.7% year-over-year).
- 2012: Revenue of $475K, expenses of $460K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mill City Summer Opera:
Data Sources and Methodology
This transparency report for Mill City Summer Opera 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.