Opus Dance Theatre And Community Services Inc
Opus Dance Theatre faces growing liabilities despite significant revenue growth, operating with consistent deficits.
EIN: 133548252 · New York, NY · NTEE: A620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| Net Assets | $-336,370 |
| Transparency Score | 65/100 |
Is Opus Dance Theatre And Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opus Dance Theatre And Community Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opus Dance Theatre And Community Services Inc
Opus Dance Theatre And Community Services Inc (EIN: 133548252) is a nonprofit organization based in New York, NY, classified under NTEE code A620. The organization reported total revenue of $1.8M and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opus Dance Theatre And Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opus Dance Theatre And Community Services Inc is a mid-size nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 25.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-88,819 |
| Total Assets | $28K |
| Total Liabilities | $365K |
| Net Assets | $-336,370 |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 1291.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2022, Opus Dance Theatre And Community Services Inc reported a deficit of $89K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 1291.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Opus Dance Theatre And Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +8.5% | +11.3% | -71.7% |
| 2021 | +148.6% | +69.0% | -23.9% |
| 2020 | -41.1% | -5.5% | +9.3% |
| 2019 | +2.4% | -4.5% | +55.8% |
| 2018 | +73.6% | +97.2% | -72.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Dance Theatre And Community Services Inc with a Mission Score of 65 out of 100 (Good). 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, Opus Dance Theatre And Community Services Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1291.2%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Dance Theatre And Community Services Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple recent years (e.g., 2022, 2021, 2020).
- High and increasing liabilities relative to assets ($364,607 liabilities vs. $28,237 assets in 2022).
- Low asset base compared to annual revenue, indicating limited financial reserves.
Strengths
The following positive indicators were identified for Opus Dance Theatre And Community Services Inc:
- Significant revenue growth over the past decade, demonstrating increasing support and program reach.
- Reported 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
- Consistent IRS 990 filing history, demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Opus Dance Theatre And Community Services Inc
Is Opus Dance Theatre And Community Services Inc a legitimate charity?
Opus Dance Theatre And Community Services Inc (EIN: 133548252) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Opus Dance Theatre And Community Services Inc spend its money?
Opus Dance Theatre And Community Services Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Opus Dance Theatre And Community Services Inc tax-deductible?
Opus Dance Theatre And Community Services Inc is registered as a tax-exempt nonprofit (EIN: 133548252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Opus Dance Theatre And Community Services Inc's spending goes to programs?
Opus Dance Theatre And Community Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opus Dance Theatre And Community Services Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Opus Dance Theatre And Community Services Inc is above average for NTEE category A620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opus Dance Theatre And Community Services Inc located?
Opus Dance Theatre And Community Services Inc is headquartered in New York, New York and files with the IRS under EIN 133548252. It is classified under NTEE code A620.
How many years of IRS 990 filings does Opus Dance Theatre And Community Services Inc have?
Opus Dance Theatre And Community Services Inc 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 $1.8M in total revenue.
Is Opus Dance Theatre And Community Services Inc financially stable?
The organization's financial stability is questionable due to consistent deficit spending and a significant increase in liabilities ($364,607 in 2022) far exceeding its assets ($28,237 in 2022). This suggests potential liquidity issues.
What is the trend in the organization's net assets?
The organization's net assets have generally been declining or remaining very low, with liabilities often exceeding assets, indicating a negative net asset position in several recent years (e.g., 2022 assets $28,237 vs. liabilities $364,607).
How does the organization fund its operations given the deficits?
The consistent deficits suggest the organization may be relying on future grants, donations, or increasing debt to cover its operational expenses, as seen by the growing liabilities.
Filing History
IRS 990 filing history for Opus Dance Theatre And Community Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Opus Dance Theatre And Community Services Inc's revenue has grown by 1119.7%, moving from $119K to $1.5M. Total assets increased by 20.9% over the same period, from $23K to $28K. Total functional expenses rose by 1252.7%, from $114K to $1.5M. In its most recent filing year (2022), Opus Dance Theatre And Community Services Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $365K in liabilities against $28K in assets (debt-to-asset ratio: 1291.2%), resulting in net assets of $-336,370.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.5M | $1.5M | $28K | $365K | — | — |
| 2021 | $1.3M | $1.4M | $100K | $347K | — | View 990 |
| 2020 | $540K | $821K | $131K | $332K | — | — |
| 2019 | $916K | $869K | $120K | $40K | — | View 990 |
| 2018 | $894K | $909K | $77K | $44K | — | View 990 |
| 2017 | $515K | $461K | $278K | $211K | — | — |
| 2016 | $273K | $295K | $37K | $24K | — | View 990 |
| 2015 | $253K | $222K | $38K | $2K | — | View 990 |
| 2014 | $226K | $213K | $90K | $86K | — | View 990 |
| 2013 | $107K | $109K | $17K | $26K | — | View 990 |
| 2012 | $122K | $119K | $19K | $26K | — | View 990 |
| 2011 | $119K | $114K | $23K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $28K (revenue +8.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $100K (revenue +148.6% year-over-year).
- 2020: Revenue of $540K, expenses of $821K, and assets of $131K (revenue -41.1% year-over-year).
- 2019: Revenue of $916K, expenses of $869K, and assets of $120K (revenue +2.4% year-over-year).
- 2018: Revenue of $894K, expenses of $909K, and assets of $77K (revenue +73.6% year-over-year).
- 2017: Revenue of $515K, expenses of $461K, and assets of $278K (revenue +88.6% year-over-year).
- 2016: Revenue of $273K, expenses of $295K, and assets of $37K (revenue +8.0% year-over-year).
- 2015: Revenue of $253K, expenses of $222K, and assets of $38K (revenue +12.1% year-over-year).
- 2014: Revenue of $226K, expenses of $213K, and assets of $90K (revenue +111.6% year-over-year).
- 2013: Revenue of $107K, expenses of $109K, and assets of $17K (revenue -13.0% year-over-year).
- 2012: Revenue of $122K, expenses of $119K, and assets of $19K (revenue +2.7% year-over-year).
- 2011: Revenue of $119K, expenses of $114K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opus Dance Theatre And Community Services Inc:
Data Sources and Methodology
This transparency report for Opus Dance Theatre And Community Services 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.