Washington Opera Society Inc
EIN: 475123474 · Washington, DC · NTEE: A6A
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $98K |
| Net Assets | $7K |
Is Washington Opera Society Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Opera Society Inc
Washington Opera Society Inc (EIN: 475123474) is a nonprofit organization based in Washington, DC, classified under NTEE code A6A. The organization reported total revenue of $106K and total assets of $181 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Opera Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Opera Society Inc is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 28.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $98K |
| Surplus / Deficit | +$22K |
| Total Assets | $10K |
| Total Liabilities | $3K |
| Net Assets | $7K |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 1.2 months |
Financial Health Grade: A
In 2023, Washington Opera Society Inc reported a surplus of $22K with revenue exceeding expenses, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 7 years of filings (2015–2023), Washington Opera Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.3% | +46.6% | +34.6% |
| 2021 | +139.0% | +288.3% | -56.6% |
| 2020 | -79.1% | -85.3% | +1473.3% |
| 2019 | +15.0% | +22.5% | -67.8% |
| 2018 | +133.3% | +111.9% | -45.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Opera Society Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Washington Opera Society Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.2%.
Frequently Asked Questions about Washington Opera Society Inc
Is Washington Opera Society Inc a legitimate charity?
Washington Opera Society Inc (EIN: 475123474) is a registered tax-exempt nonprofit based in Washington DC. It has 7 years of IRS 990 filings on record. Total revenue: $106K. No red flags identified. Financial health grade: A.
How does Washington Opera Society Inc spend its money?
Washington Opera Society Inc reported $106K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Washington Opera Society Inc tax-deductible?
Washington Opera Society Inc is registered as a tax-exempt nonprofit (EIN: 475123474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washington Opera Society Inc located?
Washington Opera Society Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 475123474. It is classified under NTEE code A6A.
How many years of IRS 990 filings does Washington Opera Society Inc have?
Washington Opera Society Inc has 7 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 $106K in total revenue.
Filing History
IRS 990 filing history for Washington Opera Society Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Washington Opera Society Inc's revenue has grown by 659.4%, moving from $16K to $120K. Total assets increased by 17.3% over the same period, from $9K to $10K. Total functional expenses rose by 1250.4%, from $7K to $98K. In its most recent filing year (2023), Washington Opera Society Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $3K in liabilities against $10K in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $120K | $98K | $10K | $3K | — | View 990 |
| 2021 | $57K | $67K | $7K | $5K | — | View 990 |
| 2020 | $24K | $17K | $17K | $5K | — | — |
| 2019 | $114K | $116K | $1K | $5K | — | View 990 |
| 2018 | $99K | $95K | $3K | $5K | — | View 990 |
| 2016 | $42K | $45K | $6K | $0 | — | — |
| 2015 | $16K | $7K | $9K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $120K, expenses of $98K, and assets of $10K (revenue +110.3% year-over-year).
- 2021: Revenue of $57K, expenses of $67K, and assets of $7K (revenue +139.0% year-over-year).
- 2020: Revenue of $24K, expenses of $17K, and assets of $17K (revenue -79.1% year-over-year).
- 2019: Revenue of $114K, expenses of $116K, and assets of $1K (revenue +15.0% year-over-year).
- 2018: Revenue of $99K, expenses of $95K, and assets of $3K (revenue +133.3% year-over-year).
- 2016: Revenue of $42K, expenses of $45K, and assets of $6K (revenue +168.9% year-over-year).
- 2015: Revenue of $16K, expenses of $7K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Opera Society Inc:
Data Sources and Methodology
This transparency report for Washington Opera Society 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.