Opal
Opal faces significant financial deficit in 2023 despite zero executive compensation.
EIN: 202782595 · Portland, OR · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $434K |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| Net Assets | $720K |
| Transparency Score | 75/100 |
Is Opal Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opal directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opal
Opal (EIN: 202782595) is a nonprofit organization based in Portland, OR, classified under NTEE code S200. The organization reported total revenue of $434K and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opal's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opal is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-659,177 |
| Total Assets | $807K |
| Total Liabilities | $87K |
| Net Assets | $720K |
| Operating Margin | -151.8% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2023, Opal reported a deficit of $659K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opal's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.7% | +36.4% | -46.8% |
| 2022 | +116.4% | +17.7% | +71.3% |
| 2021 | -41.4% | -23.4% | -7.1% |
| 2020 | +15.1% | +37.3% | +22.9% |
| 2019 | +20.3% | +7.0% | +56.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Opal with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Opal allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $659K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
Opal consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for transparency and resource allocation.
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 Opal's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312), with expenses ($1,093,520) far exceeding revenue ($434,343).
- Substantial decrease in assets from $1,518,016 in 2022 to $806,959 in 2023, indicating a depletion of reserves.
Strengths
The following positive indicators were identified for Opal:
- Consistent 0% officer compensation across all reported filings, demonstrating strong financial transparency and commitment to mission.
- Historically strong revenue generation, with several years exceeding $900,000, indicating past fundraising capacity.
- Relatively low liabilities compared to assets in most historical periods, suggesting responsible debt management.
Frequently Asked Questions about Opal
Is Opal a legitimate charity?
Based on AI analysis of IRS 990 filings, Opal (EIN: 202782595) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Opal spend its money?
Opal directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opal tax-deductible?
Opal is registered as a tax-exempt nonprofit (EIN: 202782595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Opal's spending goes to programs?
Opal directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opal compare to similar nonprofits?
With a transparency score of 75/100 (Good), Opal is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opal located?
Opal is headquartered in Portland, Oregon and files with the IRS under EIN 202782595. It is classified under NTEE code S200.
How many years of IRS 990 filings does Opal have?
Opal 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 $434K in total revenue.
Is Opal a good charity?
Opal exhibits strong transparency regarding executive compensation, reporting 0% officer compensation across all filings. However, its financial health is a concern due to the significant deficit in 2023, where expenses ($1,093,520) were more than double its revenue ($434,343). This recent performance impacts its overall financial stability.
What caused the large deficit in 2023?
The provided data does not specify the exact causes of the large deficit in 2023, but it shows that expenses ($1,093,520) significantly exceeded revenue ($434,343). Further investigation into the detailed expense categories in the full 990 filing would be necessary to understand the contributing factors.
How has Opal's revenue trended over time?
Opal's revenue has fluctuated significantly. It saw a peak of $1,344,572 in 2022, but then dropped sharply to $434,343 in 2023. Prior to that, it had several years with revenue over $900,000 (2019, 2020) and over $600,000 (2017, 2018, 2021).
Filing History
IRS 990 filing history for Opal showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opal's revenue has grown by 213.9%, moving from $138K to $434K. Total assets increased by 1430.2% over the same period, from $53K to $807K. Total functional expenses rose by 493.4%, from $184K to $1.1M. In its most recent filing year (2023), Opal reported a deficit of $659K, with expenses exceeding revenue. The organization holds $87K in liabilities against $807K in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $720K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $1.1M | $807K | $87K | — | — |
| 2022 | $1.3M | $802K | $1.5M | $29K | — | View 990 |
| 2021 | $621K | $681K | $886K | $21K | — | View 990 |
| 2020 | $1.1M | $889K | $953K | $29K | — | View 990 |
| 2019 | $921K | $647K | $775K | $21K | — | View 990 |
| 2018 | $765K | $605K | $497K | $16K | — | View 990 |
| 2017 | $669K | $524K | $335K | $14K | — | View 990 |
| 2016 | $508K | $383K | $176K | $236 | — | View 990 |
| 2015 | $232K | $336K | $51K | $0 | — | View 990 |
| 2014 | $318K | $228K | $154K | $0 | — | View 990 |
| 2013 | $137K | $239K | $75K | $10K | — | View 990 |
| 2012 | $323K | $173K | $173K | $6K | — | View 990 |
| 2011 | $138K | $184K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $1.1M, and assets of $807K (revenue -67.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $802K, and assets of $1.5M (revenue +116.4% year-over-year).
- 2021: Revenue of $621K, expenses of $681K, and assets of $886K (revenue -41.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $889K, and assets of $953K (revenue +15.1% year-over-year).
- 2019: Revenue of $921K, expenses of $647K, and assets of $775K (revenue +20.3% year-over-year).
- 2018: Revenue of $765K, expenses of $605K, and assets of $497K (revenue +14.4% year-over-year).
- 2017: Revenue of $669K, expenses of $524K, and assets of $335K (revenue +31.6% year-over-year).
- 2016: Revenue of $508K, expenses of $383K, and assets of $176K (revenue +118.8% year-over-year).
- 2015: Revenue of $232K, expenses of $336K, and assets of $51K (revenue -26.9% year-over-year).
- 2014: Revenue of $318K, expenses of $228K, and assets of $154K (revenue +132.6% year-over-year).
- 2013: Revenue of $137K, expenses of $239K, and assets of $75K (revenue -57.7% year-over-year).
- 2012: Revenue of $323K, expenses of $173K, and assets of $173K (revenue +133.6% year-over-year).
- 2011: Revenue of $138K, expenses of $184K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opal:
Data Sources and Methodology
This transparency report for Opal 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.