Opera Carolina Endowment
Opera Carolina Endowment maintains strong assets with zero officer compensation, primarily managing investments for its beneficiary.
EIN: 202533756 · Charlotte, NC · NTEE: A6A · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $268K |
| Total Expenses | $150K |
| Program Spending | 85% |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Opera Carolina Endowment Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opera Carolina Endowment directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opera Carolina Endowment
Opera Carolina Endowment (EIN: 202533756) is a nonprofit organization based in Charlotte, NC, classified under NTEE code A6A. The organization reported total revenue of $268K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera Carolina Endowment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opera Carolina Endowment is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $150K |
| Surplus / Deficit | $-88,295 |
| Total Assets | $4.1M |
| Net Assets | $4.1M |
| Operating Margin | -142.6% |
| Months of Reserves | 325.7 months |
Financial Health Grade: B
In 2023, Opera Carolina Endowment reported a deficit of $88K with expenses exceeding revenue, holds 325.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Opera Carolina Endowment's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +283.5% | — | -2.1% |
| 2022 | -93.9% | -100.0% | -5.9% |
| 2021 | -3.8% | +17.1% | +10.6% |
| 2020 | +76.5% | +44.8% | +5.5% |
| 2019 | -56.4% | -22.8% | +3.6% |
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 Opera Carolina Endowment with a Mission Score of 90 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: 85%
- fundraising: 0%
According to IRS 990 filings, Opera Carolina Endowment allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $88K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or are compensated by the parent organization, Opera Carolina, rather than directly by the endowment. This suggests a highly efficient and lean administrative structure for the endowment itself.
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.
Strengths
The following positive indicators were identified for Opera Carolina Endowment:
- Consistent growth and maintenance of a strong asset base, currently at $3,902,772.
- Zero officer compensation reported across all filings, indicating efficient overhead.
- Minimal to zero liabilities reported in recent years, demonstrating strong financial health.
- Clear and consistent IRS 990 filing history, indicating good transparency.
- Focus on long-term financial stability for its beneficiary, Opera Carolina.
Frequently Asked Questions about Opera Carolina Endowment
Is Opera Carolina Endowment a legitimate charity?
Opera Carolina Endowment (EIN: 202533756) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $268K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Opera Carolina Endowment spend its money?
Opera Carolina Endowment directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Opera Carolina Endowment tax-deductible?
Opera Carolina Endowment is registered as a tax-exempt nonprofit (EIN: 202533756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Opera Carolina Endowment compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Opera Carolina Endowment is above average for NTEE category A6A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opera Carolina Endowment located?
Opera Carolina Endowment is headquartered in Charlotte, North Carolina and files with the IRS under EIN 202533756. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Opera Carolina Endowment have?
Opera Carolina Endowment has 12 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 $268K in total revenue.
What is the primary purpose of Opera Carolina Endowment?
The primary purpose of Opera Carolina Endowment is to manage and grow an asset base to provide financial support to Opera Carolina, ensuring the long-term sustainability of the opera company.
How does the endowment generate revenue?
The endowment generates revenue primarily through investment income and contributions, which can fluctuate significantly year-to-year, as seen with revenues ranging from $2,897 to $596,790 in different periods.
Are there any concerns about the organization's liabilities?
No, the organization consistently reports minimal to zero liabilities in recent years (e.g., $0 in 2023, 2022, 2021), indicating a very strong balance sheet and no significant debt burden.
Filing History
IRS 990 filing history for Opera Carolina Endowment showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Opera Carolina Endowment's revenue has declined by 4.4%, moving from $65K to $62K. Total assets increased by 76.1% over the same period, from $2.3M to $4.1M. Total functional expenses rose by 99.3%, from $75K to $150K. In its most recent filing year (2023), Opera Carolina Endowment reported a deficit of $88K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $150K | $4.1M | $0 | — | View 990 |
| 2022 | $16K | $0 | $4.2M | $0 | — | View 990 |
| 2021 | $265K | $101K | $4.4M | $0 | — | View 990 |
| 2020 | $275K | $86K | $4.0M | $63K | — | View 990 |
| 2019 | $156K | $59K | $3.8M | $22K | — | View 990 |
| 2018 | $358K | $77K | $3.7M | $22K | — | View 990 |
| 2017 | $561K | $203K | $3.3M | $23K | — | View 990 |
| 2016 | $3K | $103K | $2.9M | $23K | — | View 990 |
| 2015 | $62K | $128K | $3.0M | $23K | — | View 990 |
| 2014 | $597K | $143K | $3.1M | $0 | — | View 990 |
| 2013 | $57K | $76K | $2.4M | $0 | — | View 990 |
| 2012 | $65K | $75K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $150K, and assets of $4.1M (revenue +283.5% year-over-year).
- 2022: Revenue of $16K, expenses of $0, and assets of $4.2M (revenue -93.9% year-over-year).
- 2021: Revenue of $265K, expenses of $101K, and assets of $4.4M (revenue -3.8% year-over-year).
- 2020: Revenue of $275K, expenses of $86K, and assets of $4.0M (revenue +76.5% year-over-year).
- 2019: Revenue of $156K, expenses of $59K, and assets of $3.8M (revenue -56.4% year-over-year).
- 2018: Revenue of $358K, expenses of $77K, and assets of $3.7M (revenue -36.2% year-over-year).
- 2017: Revenue of $561K, expenses of $203K, and assets of $3.3M (revenue +19251.1% year-over-year).
- 2016: Revenue of $3K, expenses of $103K, and assets of $2.9M (revenue -95.3% year-over-year).
- 2015: Revenue of $62K, expenses of $128K, and assets of $3.0M (revenue -89.6% year-over-year).
- 2014: Revenue of $597K, expenses of $143K, and assets of $3.1M (revenue +947.3% year-over-year).
- 2013: Revenue of $57K, expenses of $76K, and assets of $2.4M (revenue -12.0% year-over-year).
- 2012: Revenue of $65K, expenses of $75K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opera Carolina Endowment:
Data Sources and Methodology
This transparency report for Opera Carolina Endowment 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.