Opas Foundation
Opas Foundation consistently generates significant revenue surpluses, leading to substantial asset growth with no reported officer compensation.
EIN: 203523938 · Omaha, NE · NTEE: A11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.6M |
| Total Expenses | $7.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $300 |
| Net Assets | $294.7M |
| Transparency Score | 95/100 |
Is Opas Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opas Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opas Foundation
Opas Foundation (EIN: 203523938) is a nonprofit organization based in Omaha, NE, classified under NTEE code A11. The organization reported total revenue of $44.6M and total assets of $322.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opas Foundation is a large 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 37.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88.7M |
| Total Expenses | $7.2M |
| Surplus / Deficit | +$81.5M |
| Total Assets | $295.9M |
| Total Liabilities | $1.2M |
| Net Assets | $294.7M |
| Operating Margin | 91.9% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 493.3 months |
Financial Health Grade: A
In 2023, Opas Foundation reported a surplus of $81.5M with revenue exceeding expenses, holds 493.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opas Foundation's revenue has grown at a compound annual growth rate (CAGR) of 37.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1070.7% | +18.9% | +38.2% |
| 2022 | -86.1% | +0.6% | -1.3% |
| 2021 | -2.2% | +1.5% | +40.5% |
| 2020 | +997.1% | +1.2% | +39.8% |
| 2019 | +33.9% | +4.1% | +4.0% |
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 Opas Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Opas Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $81.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets exceeding $300 million and annual revenues often in the tens of millions, suggesting a volunteer-led executive team or that compensation is handled through a related entity not reflected in these filings.
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 Opas Foundation's IRS 990 filings:
- Unusually low expense ratio relative to revenue, potentially indicating significant investment activities or pass-through funding not fully detailed in expense categories.
- Consistent 0% officer compensation for an organization with assets exceeding $300 million and substantial revenue, which might warrant further inquiry into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Opas Foundation:
- Exceptional financial health with consistent and substantial revenue surpluses.
- Remarkable asset growth, increasing from $70.9 million in 2014 to $295.9 million in 2023.
- Highly efficient spending, with expenses consistently representing a small fraction of revenue.
- Zero reported officer compensation, indicating a strong commitment to directing funds towards the mission.
- Low liabilities relative to assets, demonstrating strong financial stability (e.g., $1,234,649 liabilities vs. $295,903,134 assets in 202306).
Frequently Asked Questions about Opas Foundation
Is Opas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Opas Foundation (EIN: 203523938) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Opas Foundation spend its money?
Opas Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opas Foundation tax-deductible?
Opas Foundation is registered as a tax-exempt nonprofit (EIN: 203523938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Opas Foundation CEO make?
Opas Foundation's highest-compensated officer earns $300 annually. The organization reported $44.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Opas Foundation's spending goes to programs?
Opas Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opas Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Opas Foundation is above average for NTEE category A11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opas Foundation located?
Opas Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 203523938. It is classified under NTEE code A11.
How many years of IRS 990 filings does Opas Foundation have?
Opas Foundation 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 $44.6M in total revenue.
Is Opas Foundation a good charity?
Based on the provided financial data, Opas Foundation appears to be a very good charity from a financial health and efficiency perspective. It consistently generates significant revenue, maintains a large asset base, and reports 0% officer compensation, indicating strong financial stewardship and a focus on its mission.
How does Opas Foundation manage its expenses?
Opas Foundation manages its expenses very efficiently. For example, in 202306, expenses were $7,198,754 against a revenue of $88,718,176, meaning expenses were less than 10% of revenue. This pattern is consistent, suggesting a lean operational structure relative to its financial capacity.
What is the trend in Opas Foundation's assets?
Opas Foundation's assets have shown remarkable growth, increasing from $70,986,931 in 201406 to $295,903,134 in 202306. This significant increase reflects consistent revenue surpluses and effective asset management.
Does Opas Foundation pay its executives?
According to the IRS 990 filings, Opas Foundation reports 0% officer compensation for all available periods. This indicates that no officers received salaries or other compensation directly from the organization as reported on these forms.
Is Opas Foundation transparent with its finances?
The consistent reporting of 0% officer compensation and the clear financial trends in revenue, expenses, and assets suggest a high degree of transparency in its IRS 990 filings. The significant asset growth and revenue surpluses are clearly documented.
Filing History
IRS 990 filing history for Opas Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opas Foundation's revenue has grown by 4321.4%, moving from $2.0M to $88.7M. Total assets increased by 286.5% over the same period, from $76.6M to $295.9M. Total functional expenses rose by 77.6%, from $4.1M to $7.2M. In its most recent filing year (2023), Opas Foundation reported a surplus of $81.5M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $295.9M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $294.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88.7M | $7.2M | $295.9M | $1.2M | — | View 990 |
| 2022 | $7.6M | $6.1M | $214.2M | $4.7M | — | View 990 |
| 2021 | $54.6M | $6.0M | $216.9M | $3.4M | — | View 990 |
| 2020 | $55.9M | $5.9M | $154.4M | $1.7M | — | View 990 |
| 2019 | $5.1M | $5.9M | $110.4M | $2.2M | — | View 990 |
| 2018 | $3.8M | $5.6M | $106.2M | $1.1M | — | View 990 |
| 2017 | $37.3M | $3.8M | $106.1M | $1.3M | — | View 990 |
| 2016 | $2.0M | $4.1M | $68.0M | $1.4M | — | View 990 |
| 2015 | $2.8M | $4.3M | $69.8M | $1.2M | — | View 990 |
| 2014 | $2.1M | $3.8M | $71.0M | $850K | — | View 990 |
| 2013 | $2.0M | $4.0M | $72.6M | $786K | — | View 990 |
| 2012 | $2.0M | $4.1M | $74.5M | $650K | — | View 990 |
| 2011 | $2.0M | $4.1M | $76.6M | $550K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88.7M, expenses of $7.2M, and assets of $295.9M (revenue +1070.7% year-over-year).
- 2022: Revenue of $7.6M, expenses of $6.1M, and assets of $214.2M (revenue -86.1% year-over-year).
- 2021: Revenue of $54.6M, expenses of $6.0M, and assets of $216.9M (revenue -2.2% year-over-year).
- 2020: Revenue of $55.9M, expenses of $5.9M, and assets of $154.4M (revenue +997.1% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.9M, and assets of $110.4M (revenue +33.9% year-over-year).
- 2018: Revenue of $3.8M, expenses of $5.6M, and assets of $106.2M (revenue -89.8% year-over-year).
- 2017: Revenue of $37.3M, expenses of $3.8M, and assets of $106.1M (revenue +1722.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $4.1M, and assets of $68.0M (revenue -27.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $4.3M, and assets of $69.8M (revenue +31.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $3.8M, and assets of $71.0M (revenue +6.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $4.0M, and assets of $72.6M (revenue +0.0% year-over-year).
- 2012: Revenue of $2.0M, expenses of $4.1M, and assets of $74.5M (revenue +0.0% year-over-year).
- 2011: Revenue of $2.0M, expenses of $4.1M, and assets of $76.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opas Foundation:
Data Sources and Methodology
This transparency report for Opas Foundation 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.