Skagit Opera
Skagit Opera shows strong revenue and asset growth with no reported officer compensation.
EIN: 200156714 · Bellingham, WA · NTEE: A6A · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $179K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $126K |
| Transparency Score | 90/100 |
Is Skagit Opera Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skagit Opera directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skagit Opera
Skagit Opera (EIN: 200156714) is a nonprofit organization based in Bellingham, WA, classified under NTEE code A6A. The organization reported total revenue of $215K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skagit Opera's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skagit Opera is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $179K |
| Surplus / Deficit | +$55K |
| Total Assets | $135K |
| Total Liabilities | $9K |
| Net Assets | $126K |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Skagit Opera reported a surplus of $55K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Skagit Opera's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.8% | +25.0% | +72.5% |
| 2022 | +476.8% | +963.1% | +19.9% |
| 2021 | -69.8% | -80.7% | +35.8% |
| 2020 | -43.2% | -56.2% | +69.6% |
| 2019 | +16.1% | +9.3% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Skagit Opera 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, Skagit Opera 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 $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues exceeding $200,000.
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.
Strengths
The following positive indicators were identified for Skagit Opera:
- Consistent revenue growth, especially from 2021 to 2023 ($27,043 to $233,683).
- Zero reported officer compensation across all filings, indicating high efficiency.
- Significant increase in assets, from $48,232 in 2020 to $135,439 in 2023.
- Low and stable liabilities, consistently around $9,000.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency.
Frequently Asked Questions about Skagit Opera
Is Skagit Opera a legitimate charity?
Skagit Opera (EIN: 200156714) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $215K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Skagit Opera spend its money?
Skagit Opera directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Skagit Opera tax-deductible?
Skagit Opera is registered as a tax-exempt nonprofit (EIN: 200156714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Skagit Opera CEO make?
Skagit Opera's highest-compensated officer earns $200,000. annually. The organization reported $215K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Skagit Opera's spending goes to programs?
Skagit Opera directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skagit Opera compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Skagit Opera is above average for NTEE category A6A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skagit Opera located?
Skagit Opera is headquartered in Bellingham, Washington and files with the IRS under EIN 200156714. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Skagit Opera have?
Skagit Opera has 13 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 $215K in total revenue.
Is Skagit Opera a good charity?
Based on the provided financial data, Skagit Opera appears to be a good charity. It demonstrates strong financial growth, low liabilities, and a notable commitment to directing funds to its mission by reporting 0% officer compensation.
How has Skagit Opera's revenue trended recently?
Skagit Opera's revenue has shown significant positive growth recently, increasing from $27,043 in 2021 to $233,683 in 2023, indicating strong fundraising and community support.
What is Skagit Opera's asset position?
Skagit Opera's assets have grown substantially, reaching $135,439 in 2023 and currently standing at $173,643, providing a solid financial base for its operations.
Filing History
IRS 990 filing history for Skagit Opera showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Skagit Opera's revenue has grown by 837.9%, moving from $25K to $234K. Total assets increased by 398.7% over the same period, from $27K to $135K. Total functional expenses rose by 1227.8%, from $13K to $179K. In its most recent filing year (2023), Skagit Opera reported a surplus of $55K, with revenue exceeding expenses. The organization holds $9K in liabilities against $135K in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $179K | $135K | $9K | — | View 990 |
| 2022 | $156K | $143K | $79K | $9K | — | View 990 |
| 2021 | $27K | $13K | $66K | $9K | — | View 990 |
| 2020 | $90K | $70K | $48K | $9K | — | View 990 |
| 2019 | $158K | $159K | $28K | $9K | — | — |
| 2018 | $136K | $146K | $30K | $9K | — | View 990 |
| 2017 | $165K | $149K | $40K | $9K | — | View 990 |
| 2016 | $137K | $141K | $24K | $9K | — | View 990 |
| 2015 | $154K | $138K | $28K | $9K | — | View 990 |
| 2014 | $115K | $126K | $15K | $13K | — | View 990 |
| 2013 | $124K | $128K | $24K | $8K | — | View 990 |
| 2012 | $112K | $116K | $22K | $0 | — | View 990 |
| 2011 | $25K | $13K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $179K, and assets of $135K (revenue +49.8% year-over-year).
- 2022: Revenue of $156K, expenses of $143K, and assets of $79K (revenue +476.8% year-over-year).
- 2021: Revenue of $27K, expenses of $13K, and assets of $66K (revenue -69.8% year-over-year).
- 2020: Revenue of $90K, expenses of $70K, and assets of $48K (revenue -43.2% year-over-year).
- 2019: Revenue of $158K, expenses of $159K, and assets of $28K (revenue +16.1% year-over-year).
- 2018: Revenue of $136K, expenses of $146K, and assets of $30K (revenue -17.8% year-over-year).
- 2017: Revenue of $165K, expenses of $149K, and assets of $40K (revenue +20.9% year-over-year).
- 2016: Revenue of $137K, expenses of $141K, and assets of $24K (revenue -11.2% year-over-year).
- 2015: Revenue of $154K, expenses of $138K, and assets of $28K (revenue +33.7% year-over-year).
- 2014: Revenue of $115K, expenses of $126K, and assets of $15K (revenue -6.8% year-over-year).
- 2013: Revenue of $124K, expenses of $128K, and assets of $24K (revenue +10.7% year-over-year).
- 2012: Revenue of $112K, expenses of $116K, and assets of $22K (revenue +347.7% year-over-year).
- 2011: Revenue of $25K, expenses of $13K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skagit Opera:
Data Sources and Methodology
This transparency report for Skagit Opera 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.