Opera Magnifico Inc

Nonprofit profile at a glance

EIN: 922109183
IRS 990-EZ coverage: 2023–2025
Forms available: Form 990-EZ 2025
Location: Gladstone, NJ, USA
Phone: 9083347815
Rating: 88
Verdict: STRONG
Rating confidence: Moderate
Sector: Performing Arts Organizations

Reported finances

Revenue: $55,316
Expenses: $61,927
Assets: $5,018
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

CASSIDY DIXON (OPS DTR/PERFORMER)
STEPHEN WALLEY (ARTISTIC DTR / PERFORMER)
MICHELE CURRENTI (MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide opera education to the community, including schools and to give artists opportunities to perform full operatic roles without having to pay thousands of dollars for the experience and opportunity; rather, we compensate the artist a small amount.

What it reported doing in 2025

DON PASQUALE NOVEMBER 2025: OPERA, 2 performances; 2.5 weeks rehearsals/coaching providing education/opportunities to singers and staff; outreach events to school/retirement community; ~400 people benefited

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 97
Transparency & Controls: 82
Sustainability: 25
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 90.8%; rating input score 91

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -12%; rating input score 27; 27th percentile among comparable filings
Total-asset coverage ratio: 0.08; rating input score 12; 12th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
Officer compensation ratio: 10.7%; rating input score 10; 10th percentile among comparable filings

Growth

Program expense growth: 20.3% per year; rating input score 100; 81st percentile among comparable filings
Revenue growth: 17.1% per year; rating input score 100; 88th percentile among comparable filings
Asset growth: 38% per year; rating input score 100; 92nd percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 3 filed program accomplishments · $56K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 3 filing years from 2023 to 2025
Contacts: How to reach this organization
Money network: 3 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 27/100.
High — Sustainability: Total-asset coverage ratio scored 12/100.
High — Sustainability: Officer compensation ratio scored 10/100.