jain.com
jain.comCharity Clarity

Charity Clarity › Look up a charity › Illinois

Chicago Opera Theater

Chicago, Illinois · EIN 23-7354963 · Arts, Culture & Humanities · tax-exempt since 1974

B

Charity Clarity grade B (score 78.2 of 100), based on the Form 990 for the year ended August 2025.

Graded against 19,395 arts, culture & humanities nonprofits with revenue $2M–$10M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.4.2 months100
GovernanceBoard independence, key policies and audit, per the 990.100% of practices100
Margin stabilityHow steady the surplus or deficit is year to year.57
Revenue spreadHow much revenue rests on one type of income.89% from one source23
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.83.3%not scored
Management costsShare of spending.1.4%not scored
Cost to raise $1Fundraising cost per dollar given.$0.18not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

2019202020212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Aug 2025Form 990$2.22M$2.59M−$373K$905K4.264B
Aug 2024Form 990$2.13M$2.74M−$616K$1.27M5.6198A
Aug 2023Form 990$2.69M$3.45M−$759K$1.99M6.9230B
Aug 2022Form 990$4.15M$3.07M$1.07M$2.62M10.2180B
Aug 2021Form 990$2.73M$2.38M$355K$1.58M8.066B
Aug 2020Form 990$3.32M$2.52M$803K$1.22M5.8121B
Aug 2019Form 990$2.60M$2.90M−$300K$422K1.784C

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

Similar arts, culture & humanities charities in Illinois