New York City Opera Inc
New York City Opera Inc. faces persistent operating deficits and declining assets, raising solvency concerns.
EIN: 132974347 · New York, NY · NTEE: A6A0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.8M |
| Program Spending | 70% |
| Net Assets | $-1,077,798 |
| Transparency Score | 45/100 |
Is New York City Opera Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York City Opera Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York City Opera Inc
New York City Opera Inc (EIN: 132974347) is a nonprofit organization based in New York, NY, classified under NTEE code A6A0. The organization reported total revenue of $1.7M and total assets of $269K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York City Opera Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York City Opera Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-952,153 |
| Total Assets | $977K |
| Total Liabilities | $2.1M |
| Net Assets | $-1,077,798 |
| Operating Margin | -50.5% |
| Debt-to-Asset Ratio | 210.3% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, New York City Opera Inc reported a deficit of $952K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 210.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York City Opera Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.6% | +8.0% | -42.3% |
| 2022 | -31.5% | +52.8% | -31.3% |
| 2021 | +171.1% | -14.0% | -7.7% |
| 2020 | -70.6% | -61.9% | -10.2% |
| 2019 | -60.6% | -37.4% | -40.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 New York City Opera Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New York City Opera Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $952K, with expenses exceeding revenue.
- Debt-to-asset ratio: 210.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating no compensation was paid to officers, directors, trustees, or key employees, which is highly transparent for an organization of its size and revenue fluctuations.
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 New York City Opera Inc's IRS 990 filings:
- Consistent operating deficits in recent years (2020-2023), with expenses exceeding revenue.
- Significant decline in assets from $10,529,000 in 2016 to $977,303 in 2023.
- Liabilities frequently exceed assets, indicating potential solvency issues (e.g., 2023: Liabilities $2,055,101 vs. Assets $977,303).
- Highly volatile revenue streams over the past decade, making financial planning challenging.
Strengths
The following positive indicators were identified for New York City Opera Inc:
- High transparency regarding executive compensation, consistently reporting 0% officer compensation.
- Long operating history with 13 filings available, indicating resilience despite financial challenges.
Frequently Asked Questions about New York City Opera Inc
Is New York City Opera Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York City Opera Inc (EIN: 132974347) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does New York City Opera Inc spend its money?
New York City Opera Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York City Opera Inc tax-deductible?
New York City Opera Inc is registered as a tax-exempt nonprofit (EIN: 132974347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York City Opera Inc's spending goes to programs?
New York City Opera Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New York City Opera Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), New York City Opera Inc is near average for NTEE category A6A0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York City Opera Inc located?
New York City Opera Inc is headquartered in New York, New York and files with the IRS under EIN 132974347. It is classified under NTEE code A6A0.
How many years of IRS 990 filings does New York City Opera Inc have?
New York City Opera Inc 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 $1.7M in total revenue.
Is New York City Opera Inc. financially sustainable?
Based on the last four years of filings (2020-2023), the organization has consistently spent more than it earned, leading to operating deficits and a significant decline in assets, suggesting potential long-term sustainability challenges.
Why are assets declining so rapidly?
Assets have decreased from $10,529,000 in 2016 to $977,303 in 2023, largely due to consistent operating losses where expenses have outpaced revenue, forcing the organization to draw down its reserves.
What is the organization's plan to address its liabilities?
Liabilities have frequently exceeded assets, for example, $2,055,101 in liabilities against $977,303 in assets in 2023. The filings do not detail specific plans to address these, but continued operating deficits will exacerbate the issue.
Filing History
IRS 990 filing history for New York City Opera Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York City Opera Inc's revenue has declined by 92.5%, moving from $25.1M to $1.9M. Total assets decreased by 91.6% over the same period, from $11.7M to $977K. Total functional expenses fell by 90.7%, from $30.3M to $2.8M. In its most recent filing year (2023), New York City Opera Inc reported a deficit of $952K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $977K in assets (debt-to-asset ratio: 210.3%), resulting in net assets of $-1,077,798.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.8M | $977K | $2.1M | — | — |
| 2022 | $2.2M | $2.6M | $1.7M | $1.8M | — | View 990 |
| 2021 | $3.2M | $1.7M | $2.5M | $2.0M | — | — |
| 2020 | $1.2M | $2.0M | $2.7M | $3.8M | — | — |
| 2019 | $4.0M | $5.3M | $3.0M | $2.2M | — | View 990 |
| 2018 | $10.3M | $8.4M | $5.0M | $2.9M | — | View 990 |
| 2017 | $5.5M | $10.1M | $5.9M | $5.7M | — | View 990 |
| 2016 | $7.2M | $2.6M | $10.5M | $5.9M | — | View 990 |
| 2015 | $382K | $609K | $5.6M | $6.0M | — | View 990 |
| 2014 | $2.8M | $4.2M | $5.9M | $5.8M | — | View 990 |
| 2013 | $13.3M | $14.4M | $7.6M | $5.6M | — | View 990 |
| 2012 | $14.1M | $14.9M | $9.5M | $6.6M | — | View 990 |
| 2011 | $25.1M | $30.3M | $11.7M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.8M, and assets of $977K (revenue -14.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.6M, and assets of $1.7M (revenue -31.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.7M, and assets of $2.5M (revenue +171.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $2.0M, and assets of $2.7M (revenue -70.6% year-over-year).
- 2019: Revenue of $4.0M, expenses of $5.3M, and assets of $3.0M (revenue -60.6% year-over-year).
- 2018: Revenue of $10.3M, expenses of $8.4M, and assets of $5.0M (revenue +85.4% year-over-year).
- 2017: Revenue of $5.5M, expenses of $10.1M, and assets of $5.9M (revenue -23.7% year-over-year).
- 2016: Revenue of $7.2M, expenses of $2.6M, and assets of $10.5M (revenue +1797.0% year-over-year).
- 2015: Revenue of $382K, expenses of $609K, and assets of $5.6M (revenue -86.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $4.2M, and assets of $5.9M (revenue -78.8% year-over-year).
- 2013: Revenue of $13.3M, expenses of $14.4M, and assets of $7.6M (revenue -5.8% year-over-year).
- 2012: Revenue of $14.1M, expenses of $14.9M, and assets of $9.5M (revenue -43.7% year-over-year).
- 2011: Revenue of $25.1M, expenses of $30.3M, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York City Opera Inc:
Data Sources and Methodology
This transparency report for New York City Opera 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.