Odyssey Opera Of Boston Inc
EIN: 462717193 · Malden, MA · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $707K |
| Total Expenses | $554K |
| Net Assets | $159K |
Is Odyssey Opera Of Boston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Odyssey Opera Of Boston Inc
Odyssey Opera Of Boston Inc (EIN: 462717193) is a nonprofit organization based in Malden, MA, classified under NTEE code A60. The organization reported total revenue of $707K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odyssey Opera Of Boston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odyssey Opera Of Boston Inc is a small nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $554K |
| Surplus / Deficit | $-226,732 |
| Total Assets | $367K |
| Total Liabilities | $207K |
| Net Assets | $159K |
| Operating Margin | -69.2% |
| Debt-to-Asset Ratio | 56.6% |
| Months of Reserves | 7.9 months |
Financial Health Grade: C
In 2023, Odyssey Opera Of Boston Inc reported a deficit of $227K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 56.6% (high leverage).
Financial Trends
Over 10 years of filings (2013–2023), Odyssey Opera Of Boston Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.5% | +73.3% | +14.4% |
| 2022 | +63.9% | -35.2% | +157.6% |
| 2021 | -83.2% | -69.8% | -52.4% |
| 2020 | +10.6% | -4.4% | +1130.5% |
| 2019 | +10.5% | +13.4% | -35.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Odyssey Opera Of Boston 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 Odyssey Opera Of Boston 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $227K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.6%.
Frequently Asked Questions about Odyssey Opera Of Boston Inc
Is Odyssey Opera Of Boston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Odyssey Opera Of Boston Inc (EIN: 462717193) insufficient data. 0 red flags identified, 0 strengths noted.
How does Odyssey Opera Of Boston Inc spend its money?
Detailed spending breakdown data is not yet available for Odyssey Opera Of Boston Inc. Check back for updated IRS 990 analysis.
Are donations to Odyssey Opera Of Boston Inc tax-deductible?
Odyssey Opera Of Boston Inc is registered as a tax-exempt nonprofit (EIN: 462717193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Odyssey Opera Of Boston Inc located?
Odyssey Opera Of Boston Inc is headquartered in Malden, Massachusetts and files with the IRS under EIN 462717193. It is classified under NTEE code A60.
How many years of IRS 990 filings does Odyssey Opera Of Boston Inc have?
Odyssey Opera Of Boston Inc has 10 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 $707K in total revenue.
Filing History
IRS 990 filing history for Odyssey Opera Of Boston Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Odyssey Opera Of Boston Inc's revenue has grown by 251.1%, moving from $93K to $328K. Total assets increased by 348.7% over the same period, from $82K to $367K. Total functional expenses rose by 3380.4%, from $16K to $554K. In its most recent filing year (2023), Odyssey Opera Of Boston Inc reported a deficit of $227K, with expenses exceeding revenue. The organization holds $207K in liabilities against $367K in assets (debt-to-asset ratio: 56.6%), resulting in net assets of $159K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $328K | $554K | $367K | $207K | — | — |
| 2022 | $516K | $320K | $320K | $27K | — | View 990 |
| 2021 | $315K | $494K | $124K | $55K | — | — |
| 2020 | $1.9M | $1.6M | $261K | $57K | — | View 990 |
| 2019 | $1.7M | $1.7M | $21K | $6K | — | View 990 |
| 2018 | $1.5M | $1.5M | $33K | $2K | — | View 990 |
| 2016 | $993K | $989K | $17K | $2K | — | View 990 |
| 2015 | $1.5M | $1.6M | $13K | $2K | — | View 990 |
| 2014 | $943K | $969K | $53K | $2K | — | View 990 |
| 2013 | $93K | $16K | $82K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $328K, expenses of $554K, and assets of $367K (revenue -36.5% year-over-year).
- 2022: Revenue of $516K, expenses of $320K, and assets of $320K (revenue +63.9% year-over-year).
- 2021: Revenue of $315K, expenses of $494K, and assets of $124K (revenue -83.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.6M, and assets of $261K (revenue +10.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $21K (revenue +10.5% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $33K (revenue +54.5% year-over-year).
- 2016: Revenue of $993K, expenses of $989K, and assets of $17K (revenue -35.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $13K (revenue +64.2% year-over-year).
- 2014: Revenue of $943K, expenses of $969K, and assets of $53K (revenue +910.1% year-over-year).
- 2013: Revenue of $93K, expenses of $16K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odyssey Opera Of Boston Inc:
Data Sources and Methodology
This transparency report for Odyssey Opera Of Boston 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.