Opera Maine
Opera Maine shows consistent financial stability with growing assets and no reported executive compensation.
EIN: 10496860 · Portland, ME · NTEE: A6A0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $516K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $772,543. |
| Net Assets | $202K |
| Transparency Score | 90/100 |
Is Opera Maine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opera Maine directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opera Maine
Opera Maine (EIN: 10496860) is a nonprofit organization based in Portland, ME, classified under NTEE code A6A0. The organization reported total revenue of $773K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opera Maine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opera Maine is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $471K |
| Total Expenses | $516K |
| Surplus / Deficit | $-44,756 |
| Total Assets | $221K |
| Total Liabilities | $19K |
| Net Assets | $202K |
| Operating Margin | -9.5% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Opera Maine reported a deficit of $45K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Opera Maine's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | -1.5% | -4.7% |
| 2022 | +10.6% | +41.4% | -4.2% |
| 2021 | +136.6% | +148.3% | +104.9% |
| 2020 | -54.6% | -63.8% | -11.5% |
| 2019 | +17.5% | +4.3% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Maine 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: 80%
- fundraising: 5%
According to IRS 990 filings, Opera Maine allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Opera Maine consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with latest revenue of $772,543.
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 Maine's IRS 990 filings:
- Slight deficit in 202309 (Expenses $516,075 exceeded Revenue $471,319)
Strengths
The following positive indicators were identified for Opera Maine:
- Consistent 0% officer compensation across all filings
- Growing assets, from $118,129 in 202009 to $220,938 in 202309
- Significant reduction in liabilities, from $103,374 in 201909 to $18,954 in 202309
- Long history of consistent IRS 990 filings (12 filings) demonstrating transparency
- Revenues generally cover expenses in most recent periods
Frequently Asked Questions about Opera Maine
Is Opera Maine a legitimate charity?
Opera Maine (EIN: 10496860) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $773K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Opera Maine spend its money?
Opera Maine directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Opera Maine tax-deductible?
Opera Maine is registered as a tax-exempt nonprofit (EIN: 10496860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Opera Maine CEO make?
Opera Maine's highest-compensated officer earns $772,543. annually. The organization reported $773K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Opera Maine's spending goes to programs?
Opera Maine directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opera Maine compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Opera Maine is above average for NTEE category A6A0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opera Maine located?
Opera Maine is headquartered in Portland, Maine and files with the IRS under EIN 10496860. It is classified under NTEE code A6A0.
How many years of IRS 990 filings does Opera Maine have?
Opera Maine 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 $773K in total revenue.
Is Opera Maine a good charity?
Based on its financial data, Opera Maine appears to be a good charity. It consistently manages its finances well, has growing assets, and reports no officer compensation, indicating a strong commitment to its mission.
How has Opera Maine's financial health changed over time?
Opera Maine has shown significant improvement in its financial health, particularly since 2020. Assets have nearly doubled from $118,129 in 202009 to $220,938 in 202309, and liabilities have substantially decreased from $103,374 in 201909 to $18,954 in 202309.
What is Opera Maine's approach to executive compensation?
Opera Maine has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means that no salaries are paid to its officers, maximizing funds for its programs.
Filing History
IRS 990 filing history for Opera Maine showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Opera Maine's revenue has grown by 31.9%, moving from $357K to $471K. Total assets increased by 132.4% over the same period, from $95K to $221K. Total functional expenses rose by 58.4%, from $326K to $516K. In its most recent filing year (2023), Opera Maine reported a deficit of $45K, with expenses exceeding revenue. The organization holds $19K in liabilities against $221K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $471K | $516K | $221K | $19K | — | View 990 |
| 2022 | $549K | $524K | $232K | $0 | — | View 990 |
| 2021 | $497K | $371K | $242K | $25K | — | View 990 |
| 2020 | $210K | $149K | $118K | $27K | — | View 990 |
| 2019 | $462K | $412K | $133K | $103K | — | View 990 |
| 2017 | $393K | $395K | $114K | $122K | — | View 990 |
| 2016 | $396K | $398K | $118K | $124K | — | View 990 |
| 2015 | $316K | $284K | $98K | $103K | — | View 990 |
| 2014 | $352K | $373K | $103K | $140K | — | View 990 |
| 2013 | $402K | $379K | $107K | $124K | — | View 990 |
| 2012 | $347K | $359K | $104K | $145K | — | View 990 |
| 2011 | $357K | $326K | $95K | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $471K, expenses of $516K, and assets of $221K (revenue -14.2% year-over-year).
- 2022: Revenue of $549K, expenses of $524K, and assets of $232K (revenue +10.6% year-over-year).
- 2021: Revenue of $497K, expenses of $371K, and assets of $242K (revenue +136.6% year-over-year).
- 2020: Revenue of $210K, expenses of $149K, and assets of $118K (revenue -54.6% year-over-year).
- 2019: Revenue of $462K, expenses of $412K, and assets of $133K (revenue +17.5% year-over-year).
- 2017: Revenue of $393K, expenses of $395K, and assets of $114K (revenue -0.8% year-over-year).
- 2016: Revenue of $396K, expenses of $398K, and assets of $118K (revenue +25.5% year-over-year).
- 2015: Revenue of $316K, expenses of $284K, and assets of $98K (revenue -10.3% year-over-year).
- 2014: Revenue of $352K, expenses of $373K, and assets of $103K (revenue -12.4% year-over-year).
- 2013: Revenue of $402K, expenses of $379K, and assets of $107K (revenue +16.0% year-over-year).
- 2012: Revenue of $347K, expenses of $359K, and assets of $104K (revenue -3.0% year-over-year).
- 2011: Revenue of $357K, expenses of $326K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opera Maine:
Data Sources and Methodology
This transparency report for Opera Maine 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.