Opus Caritatis Inc
Opus Caritatis Inc. shows significant asset growth and zero executive compensation, despite fluctuating revenues.
EIN: 201021326 · Los Angeles, CA · Updated: 2026-03-28
Is Opus Caritatis Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opus Caritatis Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opus Caritatis Inc
Opus Caritatis Inc (EIN: 201021326) is a nonprofit organization based in Los Angeles, CA. The organization reported total revenue of $13.1M and total assets of $340.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opus Caritatis Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opus Caritatis Inc is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $385.2M |
| Total Liabilities | $28K |
| Net Assets | $385.1M |
| Operating Margin | 30.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1102.1 months |
Financial Health Grade: A
In 2023, Opus Caritatis Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 1102.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opus Caritatis Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +20.5% | +28.2% |
| 2022 | +2.1% | -17.6% | -3.9% |
| 2021 | -82.6% | -16.5% | +28.5% |
| 2020 | +11.5% | -72.2% | +621.4% |
| 2019 | +769.8% | +483.3% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Opus Caritatis Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Opus Caritatis Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Opus Caritatis Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Opus Caritatis Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, particularly the large spikes in 2019 and 2020, without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Opus Caritatis Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Substantial and consistent growth in assets, from $28,357,592 in 2014 to $385,169,018 in 2023, demonstrating long-term financial health.
- Relatively low liabilities compared to assets, suggesting good financial management and solvency.
Frequently Asked Questions about Opus Caritatis Inc
Is Opus Caritatis Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opus Caritatis Inc (EIN: 201021326) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Opus Caritatis Inc spend its money?
Opus Caritatis Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opus Caritatis Inc tax-deductible?
Opus Caritatis Inc is registered as a tax-exempt nonprofit (EIN: 201021326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Opus Caritatis Inc. financially stable?
Yes, Opus Caritatis Inc. appears financially stable, evidenced by its substantial and growing asset base, reaching $385,169,018 in 2023, and relatively low liabilities compared to assets.
How does Opus Caritatis Inc. manage executive compensation?
Opus Caritatis Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
What explains the significant revenue fluctuations in Opus Caritatis Inc.'s history?
The organization experienced revenue spikes of $30,948,046 in 2020 and $27,746,970 in 2019, significantly higher than other years (e.g., $6,034,722 in 2023). Further investigation into the nature of these large revenue inflows would be beneficial to understand their source and sustainability.
Filing History
IRS 990 filing history for Opus Caritatis Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opus Caritatis Inc's revenue has grown by 89.7%, moving from $3.2M to $6.0M. Total assets increased by 1436.6% over the same period, from $25.1M to $385.2M. Total functional expenses rose by 96%, from $2.1M to $4.2M. In its most recent filing year (2023), Opus Caritatis Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $28K in liabilities against $385.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $385.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $4.2M | $385.2M | $28K | — | — |
| 2022 | $5.5M | $3.5M | $300.4M | $1.1M | — | View 990 |
| 2021 | $5.4M | $4.2M | $312.5M | $1.4M | — | View 990 |
| 2020 | $30.9M | $5.1M | $243.2M | $980K | — | View 990 |
| 2019 | $27.7M | $18.2M | $33.7M | $0 | — | View 990 |
| 2018 | $3.2M | $3.1M | $29.5M | $1K | — | View 990 |
| 2017 | $2.8M | $2.5M | $28.7M | $4K | — | — |
| 2016 | $3.5M | $2.5M | $27.1M | $20K | — | View 990 |
| 2015 | $2.6M | $3.9M | $27.2M | $20K | — | View 990 |
| 2014 | $2.4M | $4.0M | $28.4M | $24K | — | View 990 |
| 2013 | $2.5M | $2.4M | $27.6M | $19K | — | View 990 |
| 2012 | $2.5M | $1.8M | $26.0M | $4K | — | View 990 |
| 2011 | $3.2M | $2.1M | $25.1M | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $4.2M, and assets of $385.2M (revenue +9.9% year-over-year).
- 2022: Revenue of $5.5M, expenses of $3.5M, and assets of $300.4M (revenue +2.1% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.2M, and assets of $312.5M (revenue -82.6% year-over-year).
- 2020: Revenue of $30.9M, expenses of $5.1M, and assets of $243.2M (revenue +11.5% year-over-year).
- 2019: Revenue of $27.7M, expenses of $18.2M, and assets of $33.7M (revenue +769.8% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.1M, and assets of $29.5M (revenue +15.1% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.5M, and assets of $28.7M (revenue -21.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.5M, and assets of $27.1M (revenue +36.1% year-over-year).
- 2015: Revenue of $2.6M, expenses of $3.9M, and assets of $27.2M (revenue +7.6% year-over-year).
- 2014: Revenue of $2.4M, expenses of $4.0M, and assets of $28.4M (revenue -2.9% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $27.6M (revenue +0.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.8M, and assets of $26.0M (revenue -22.6% year-over-year).
- 2011: Revenue of $3.2M, expenses of $2.1M, and assets of $25.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opus Caritatis Inc:
Data Sources and Methodology
This transparency report for Opus Caritatis 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.