Opera House Arts

Opera House Arts maintains stable assets despite recent operational deficits and no reported executive compensation.

EIN: 10526734 · Stonington, ME · NTEE: A600 · Updated: 2026-03-28

$1.5MRevenue

$2.6MAssets

85/100Mission Score (Excellent)

A600

About Opera House Arts

Opera House Arts (EIN: 10526734) is a nonprofit organization based in Stonington, ME, classified under NTEE code A600. The organization reported total revenue of $1.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera House Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Opera House Arts demonstrates a generally stable financial position with fluctuating revenues and expenses over the past decade. While the organization reported a net loss in 2023 ($737,845 revenue vs. $857,924 expenses) and 2022 ($553,744 revenue vs. $916,461 expenses), it has also experienced periods of significant surplus, such as in 2021 and 2014. The organization's assets have remained relatively consistent, hovering around $2 million to $2.5 million, indicating a solid asset base. Liabilities have generally been low, especially in recent years, suggesting good financial management and limited debt burden. The consistent reporting of 0% officer compensation across all filings indicates strong transparency regarding executive pay, as it suggests either a volunteer-led executive team or compensation below the reporting threshold, which is a positive sign for a nonprofit of this size.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits in recent years (2022 and 2023) warrant closer examination to understand if expenses are sustainably covered by revenue. The organization's NTEE code (A600 - Performing Arts) suggests a focus on cultural programming, and the financial data indicates a consistent level of activity. The lack of reported officer compensation is a significant positive for transparency and suggests resources are directed towards the mission rather than high executive salaries.

Overall, Opera House Arts appears to be a well-established organization with a long filing history and a stable asset base. While recent years show some operational deficits, these are not severe enough to indicate immediate financial distress, especially given prior surpluses. The transparency around executive compensation is commendable. Further analysis of detailed expense categories would provide a more complete picture of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Opera House Arts 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: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Opera House Arts allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer-led executive team or compensation levels below the IRS reporting threshold, which is a positive indicator for a nonprofit of this size ($1.5M latest revenue).

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 House Arts's IRS 990 filings:

Consistent operational deficits in recent years (2022 and 2023)
Significant year-over-year revenue fluctuations

Strengths

The following positive indicators were identified for Opera House Arts:

No reported officer compensation across all filings, indicating strong transparency and resource allocation
Stable asset base (around $2M-$2.5M) over a decade, suggesting financial resilience
Low liabilities in recent years, indicating good debt management
Long history of IRS 990 filings (13 filings), demonstrating consistent compliance

Frequently Asked Questions about Opera House Arts

What caused the operational deficits in 2022 and 2023?

In 2022, expenses ($916,461) significantly exceeded revenue ($553,744), and in 2023, expenses ($857,924) also surpassed revenue ($737,845). Understanding the specific drivers of these increased expenses or decreased revenues would be crucial for assessing financial sustainability.

How does Opera House Arts sustain operations with fluctuating revenues?

The organization has experienced significant revenue fluctuations, from a high of $1,751,753 in 2014 to a low of $553,744 in 2022. Its ability to maintain operations and a stable asset base ($2.5M latest assets) despite these swings suggests effective financial planning or reliance on reserves during leaner years.

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of how expenses are allocated. A deeper dive into the IRS 990 Part IX would be necessary to accurately assess spending efficiency and ensure a high percentage of funds are directed towards programs.

Filing History

IRS 990 filing history for Opera House Arts showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Opera House Arts's revenue has grown by 20.4%, moving from $613K to $738K. Total assets increased by 88.7% over the same period, from $1.1M to $2.0M. Total functional expenses rose by 38%, from $622K to $858K. In its most recent filing year (2023), Opera House Arts reported a deficit of $120K, with expenses exceeding revenue. The organization holds $128K in liabilities against $2.0M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $1.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$738K	$858K	$2.0M	$128K	—	—
2022	$554K	$916K	$2.1M	$118K	—	View 990
2021	$996K	$668K	$2.5M	$120K	—	View 990
2020	$635K	$518K	$2.1M	$128K	—	View 990
2019	$929K	$916K	$2.0M	$142K	—	View 990
2018	$896K	$767K	$2.0M	$142K	—	View 990
2017	$612K	$712K	$2.0M	$333K	—	View 990
2016	$711K	$840K	$2.4M	$565K	—	View 990
2015	$686K	$758K	$2.5M	$632K	—	View 990
2014	$1.8M	$774K	$2.2M	$204K	—	View 990
2013	$703K	$694K	$1.2M	$221K	—	View 990
2012	$840K	$687K	$1.2M	$226K	—	View 990
2011	$613K	$622K	$1.1M	$236K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $738K, expenses of $858K, and assets of $2.0M (revenue +33.2% year-over-year).
2022: Revenue of $554K, expenses of $916K, and assets of $2.1M (revenue -44.4% year-over-year).
2021: Revenue of $996K, expenses of $668K, and assets of $2.5M (revenue +57.0% year-over-year).
2020: Revenue of $635K, expenses of $518K, and assets of $2.1M (revenue -31.7% year-over-year).
2019: Revenue of $929K, expenses of $916K, and assets of $2.0M (revenue +3.7% year-over-year).
2018: Revenue of $896K, expenses of $767K, and assets of $2.0M (revenue +46.5% year-over-year).
2017: Revenue of $612K, expenses of $712K, and assets of $2.0M (revenue -14.0% year-over-year).
2016: Revenue of $711K, expenses of $840K, and assets of $2.4M (revenue +3.6% year-over-year).
2015: Revenue of $686K, expenses of $758K, and assets of $2.5M (revenue -60.8% year-over-year).
2014: Revenue of $1.8M, expenses of $774K, and assets of $2.2M (revenue +149.1% year-over-year).
2013: Revenue of $703K, expenses of $694K, and assets of $1.2M (revenue -16.3% year-over-year).
2012: Revenue of $840K, expenses of $687K, and assets of $1.2M (revenue +37.1% year-over-year).
2011: Revenue of $613K, expenses of $622K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Opera House Arts 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.