Opera America Inc
Opera America Inc. maintains strong asset growth despite fluctuating revenues and periodic operational deficits, with no reported officer compensation.
EIN: 203520577 · New York, NY · NTEE: A03 · Updated: 2026-03-28
Is Opera America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opera America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opera America Inc
Opera America Inc (EIN: 203520577) is a nonprofit organization based in New York, NY, classified under NTEE code A03. The organization reported total revenue of $12.0M and total assets of $31.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Opera America Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Opera America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all 13 IRS 990 filings is a significant positive indicator, suggesting either a volunteer-led executive team or that compensation is structured in a way that does not trigger this specific disclosure, which enhances transparency and efficient resource allocation relative to the organization's size and mission.
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 Opera America Inc's IRS 990 filings:
- Periodic operational deficits (e.g., 202306, 202206, 202006) where expenses exceeded revenue, indicating potential reliance on reserves or non-operating income to cover costs.
- Significant fluctuations in annual revenue, from $4.7M to $11.9M, which could indicate an unstable funding model or reliance on variable grants/projects.
Strengths
The following positive indicators were identified for Opera America Inc:
- Consistent asset growth, from $18.5M in 201406 to $31.4M currently, demonstrating strong financial management and stability.
- No reported officer compensation across all 13 filings, indicating high transparency and potentially efficient use of funds for mission-related activities.
- Healthy asset-to-liability ratio, with assets consistently well above liabilities (e.g., $24.6M assets vs. $9.1M liabilities in 202306), suggesting strong financial solvency.
Frequently Asked Questions about Opera America Inc
Is Opera America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opera America Inc (EIN: 203520577) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Opera America Inc spend its money?
Opera America Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opera America Inc tax-deductible?
Opera America Inc is registered as a tax-exempt nonprofit (EIN: 203520577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Opera America Inc. manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and revenue. It could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation falls below the reporting threshold for 'officer compensation' on the 990, which would require further investigation into their financial statements for a complete understanding.
What is the primary cause of the periodic operational deficits, such as in 202306 and 202206?
The IRS 990 data shows that in periods like 202306 and 202206, expenses exceeded revenues. Without a detailed breakdown of expenses, it's difficult to pinpoint the exact cause, but it could be due to increased program costs, administrative overhead, or a temporary dip in funding, which is not uncommon for project-based or grant-funded organizations.
How does Opera America Inc. sustain asset growth despite operational deficits in some years?
Despite some years with operational deficits, Opera America Inc. has shown consistent asset growth, from $18,509,400 in 201406 to $31,406,399 currently. This suggests that the organization may have significant non-operating revenue (e.g., investment gains, capital campaigns, or large one-time donations) or that deficits are covered by drawing from reserves, allowing for overall asset accumulation.
Filing History
IRS 990 filing history for Opera America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opera America Inc's revenue has grown by 25.9%, moving from $5.4M to $6.9M. Total assets increased by 101.3% over the same period, from $12.2M to $24.6M. Total functional expenses rose by 146.4%, from $3.0M to $7.5M. In its most recent filing year (2023), Opera America Inc reported a deficit of $657K, with expenses exceeding revenue. The organization holds $9.1M in liabilities against $24.6M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.5M | $24.6M | $9.1M | — | — |
| 2022 | $5.8M | $6.7M | $20.0M | $4.5M | — | View 990 |
| 2021 | $6.3M | $5.8M | $23.8M | $5.3M | — | View 990 |
| 2020 | $5.7M | $6.4M | $21.5M | $5.2M | — | View 990 |
| 2019 | $7.8M | $7.7M | $23.1M | $5.6M | — | View 990 |
| 2018 | $5.8M | $6.9M | $22.6M | $5.6M | — | View 990 |
| 2017 | $10.8M | $7.9M | $23.4M | $5.5M | — | View 990 |
| 2016 | $4.9M | $5.6M | $19.3M | $4.5M | — | View 990 |
| 2015 | $7.8M | $5.6M | $19.6M | $4.2M | — | View 990 |
| 2014 | $4.7M | $5.3M | $18.5M | $4.4M | — | View 990 |
| 2013 | $5.9M | $5.1M | $17.7M | $3.6M | — | View 990 |
| 2012 | $6.2M | $3.8M | $15.3M | $2.2M | — | View 990 |
| 2011 | $5.4M | $3.0M | $12.2M | $539K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.5M, and assets of $24.6M (revenue +18.5% year-over-year).
- 2022: Revenue of $5.8M, expenses of $6.7M, and assets of $20.0M (revenue -8.3% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.8M, and assets of $23.8M (revenue +10.8% year-over-year).
- 2020: Revenue of $5.7M, expenses of $6.4M, and assets of $21.5M (revenue -27.1% year-over-year).
- 2019: Revenue of $7.8M, expenses of $7.7M, and assets of $23.1M (revenue +33.5% year-over-year).
- 2018: Revenue of $5.8M, expenses of $6.9M, and assets of $22.6M (revenue -45.8% year-over-year).
- 2017: Revenue of $10.8M, expenses of $7.9M, and assets of $23.4M (revenue +121.0% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.6M, and assets of $19.3M (revenue -37.5% year-over-year).
- 2015: Revenue of $7.8M, expenses of $5.6M, and assets of $19.6M (revenue +65.5% year-over-year).
- 2014: Revenue of $4.7M, expenses of $5.3M, and assets of $18.5M (revenue -19.3% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.1M, and assets of $17.7M (revenue -5.1% year-over-year).
- 2012: Revenue of $6.2M, expenses of $3.8M, and assets of $15.3M (revenue +13.2% year-over-year).
- 2011: Revenue of $5.4M, expenses of $3.0M, and assets of $12.2M.
Data Sources and Methodology
This transparency report for Opera America 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.