Opera Fairbanks
Opera Fairbanks' revenue plummeted to $608 in its latest filing, with assets at $1, indicating severe financial distress.
EIN: 203975320 · Fairbanks, AK · NTEE: A65 · Updated: 2026-03-28
Is Opera Fairbanks Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opera Fairbanks directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opera Fairbanks
Opera Fairbanks (EIN: 203975320) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code A65. The organization reported total revenue of $608 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera Fairbanks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opera Fairbanks is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -45.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $608 |
| Total Expenses | $16K |
| Surplus / Deficit | $-14,901 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | -2450.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2020, Opera Fairbanks reported a deficit of $15K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2020), Opera Fairbanks's revenue has declined at a compound annual growth rate (CAGR) of -45.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -99.3% | -86.7% | -100.0% |
| 2018 | -1.3% | +2.3% | -64.7% |
| 2017 | -36.4% | +38.8% | -34.3% |
| 2016 | -29.3% | -62.9% | +244.5% |
| 2015 | -18.7% | +3.5% | -51.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Fairbanks with a Mission Score of 30 out of 100 (Poor). 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 Fairbanks 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.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is a positive for minimizing overhead costs.
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 Fairbanks's IRS 990 filings:
- Drastic decline in revenue and assets in the latest filing (202012 revenue $608, assets $1).
- Consistent negative net income in most recent years (202012: -$14,901; 201812: -$30,027; 201712: -$26,326; 201512: -$26,699; 201212: -$16,748).
- Minimal assets ($1 in 202012) indicating no financial reserves.
- Significant operational expenses ($15,509 in 202012) far exceeding revenue ($608) in the latest period.
Strengths
The following positive indicators were identified for Opera Fairbanks:
- Consistent 0% officer compensation, indicating volunteer leadership and low administrative overhead in that area.
- Historically managed to generate over $100,000 in revenue in several periods (e.g., 201612, 201512, 201412, 201112).
Frequently Asked Questions about Opera Fairbanks
Is Opera Fairbanks a legitimate charity?
Based on AI analysis of IRS 990 filings, Opera Fairbanks (EIN: 203975320) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Opera Fairbanks spend its money?
Opera Fairbanks directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opera Fairbanks tax-deductible?
Opera Fairbanks is registered as a tax-exempt nonprofit (EIN: 203975320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the drastic drop in revenue and assets in the 202012 period?
The provided data does not specify the exact cause, but the decline from $86,278 in revenue in 201812 to $608 in 202012, alongside assets dropping from $18,093 to $1, suggests a major operational disruption or cessation of activities.
Is Opera Fairbanks still actively operating given its current financial state?
With only $608 in revenue and $1 in assets reported in its latest filing, it is highly unlikely that Opera Fairbanks is actively operating at any significant capacity. Further investigation into their current status would be necessary.
How did Opera Fairbanks manage to operate with negative net income for multiple years?
The organization likely drew down on accumulated assets from more profitable years (e.g., 201612, 201412, 201312, 201112) or relied on short-term liabilities, though liabilities have generally been low or zero. The sustained negative net income ultimately led to the current depleted state.
Filing History
IRS 990 filing history for Opera Fairbanks showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Opera Fairbanks's revenue has declined by 99.6%, moving from $143K to $608. Total assets decreased by 100% over the same period, from $34K to $1. Total functional expenses fell by 87.8%, from $127K to $16K. In its most recent filing year (2020), Opera Fairbanks reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $608 | $16K | $1 | $0 | — | View 990 |
| 2018 | $86K | $116K | $18K | $0 | — | View 990 |
| 2017 | $87K | $114K | $51K | $3K | — | View 990 |
| 2016 | $137K | $82K | $78K | $4K | — | View 990 |
| 2015 | $194K | $221K | $23K | $4K | — | View 990 |
| 2014 | $239K | $214K | $47K | $1K | — | View 990 |
| 2013 | $188K | $184K | $20K | $0 | — | View 990 |
| 2012 | $138K | $155K | $16K | $0 | — | View 990 |
| 2011 | $143K | $127K | $34K | $966 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $608, expenses of $16K, and assets of $1 (revenue -99.3% year-over-year).
- 2018: Revenue of $86K, expenses of $116K, and assets of $18K (revenue -1.3% year-over-year).
- 2017: Revenue of $87K, expenses of $114K, and assets of $51K (revenue -36.4% year-over-year).
- 2016: Revenue of $137K, expenses of $82K, and assets of $78K (revenue -29.3% year-over-year).
- 2015: Revenue of $194K, expenses of $221K, and assets of $23K (revenue -18.7% year-over-year).
- 2014: Revenue of $239K, expenses of $214K, and assets of $47K (revenue +27.3% year-over-year).
- 2013: Revenue of $188K, expenses of $184K, and assets of $20K (revenue +36.3% year-over-year).
- 2012: Revenue of $138K, expenses of $155K, and assets of $16K (revenue -3.7% year-over-year).
- 2011: Revenue of $143K, expenses of $127K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opera Fairbanks:
Data Sources and Methodology
This transparency report for Opera Fairbanks 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.