Opera Festival Of Chicago Inc
EIN: 842527440 · Chicago, IL · NTEE: A6A
| Metric | Value |
|---|---|
| Total Revenue | $458K |
| Total Expenses | $301K |
| Net Assets | $3K |
Is Opera Festival Of Chicago Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Opera Festival Of Chicago Inc
Opera Festival Of Chicago Inc (EIN: 842527440) is a nonprofit organization based in Chicago, IL, classified under NTEE code A6A. The organization reported total revenue of $458K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera Festival Of Chicago Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opera Festival Of Chicago Inc is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $301K |
| Surplus / Deficit | +$9K |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | 2.8% |
| Months of Reserves | 0.1 months |
Financial Health Grade: A
In 2023, Opera Festival Of Chicago Inc reported a surplus of $9K with revenue exceeding expenses, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2021–2023), Opera Festival Of Chicago Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +7.8% | -89.7% |
| 2021 | -100.0% | -100.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Opera Festival Of Chicago Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Opera Festival Of Chicago Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
Frequently Asked Questions about Opera Festival Of Chicago Inc
Is Opera Festival Of Chicago Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opera Festival Of Chicago Inc (EIN: 842527440) insufficient data. 0 red flags identified, 0 strengths noted.
How does Opera Festival Of Chicago Inc spend its money?
Detailed spending breakdown data is not yet available for Opera Festival Of Chicago Inc. Check back for updated IRS 990 analysis.
Are donations to Opera Festival Of Chicago Inc tax-deductible?
Opera Festival Of Chicago Inc is registered as a tax-exempt nonprofit (EIN: 842527440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Opera Festival Of Chicago Inc located?
Opera Festival Of Chicago Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 842527440. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Opera Festival Of Chicago Inc have?
Opera Festival Of Chicago Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $458K in total revenue.
Filing History
IRS 990 filing history for Opera Festival Of Chicago Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2021–2023), Opera Festival Of Chicago Inc's revenue has grown by 58.5%, moving from $196K to $310K. Total assets decreased by 77% over the same period, from $13K to $3K. Total functional expenses rose by 56.4%, from $193K to $301K. In its most recent filing year (2023), Opera Festival Of Chicago Inc reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $310K | $301K | $3K | $0 | — | View 990 |
| 2022 | $271K | $280K | $29K | $35K | — | View 990 |
| 2021 | $0 | $0 | $13K | $0 | — | View 990 |
| 2021 | $196K | $193K | $13K | $10K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $310K, expenses of $301K, and assets of $3K (revenue +14.5% year-over-year).
- 2022: Revenue of $271K, expenses of $280K, and assets of $29K.
- 2021: Revenue of $0, expenses of $0, and assets of $13K (revenue -100.0% year-over-year).
- 2021: Revenue of $196K, expenses of $193K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opera Festival Of Chicago Inc:
Data Sources and Methodology
This transparency report for Opera Festival Of Chicago 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.