Fairmont Opera House Inc is a 501(c)(3) organization based in Fairmont, Minnesota, registered in 1981, with $642,784 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$643K
▲ 34.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$847K
Net assets
$1.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Fairmont Opera House Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fairmont Opera House Inc: 24 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Fairmont Opera House Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fairmont Opera House Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $162K (FY2015) to $643K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-31.8%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7M
Total liabilities
$13K
Net assets
$1.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $642,784▲34.2% | $847,056▲70.1% | $1,671,672▼15.3% | $1,684,999▼20.0% | 990 |
| 2022 | $478,877▼6.2% | $498,111▼28.2% | $1,973,503▲2.6% | $2,107,226▲8.3% | 990 |
| 2021 | $510,715▲62.3% | $694,046▲74.4% | $1,923,459▼16.0% | $1,946,448▼15.8% | 990 |
| 2020 | $314,747▼12.7% | $397,880▼27.1% | $2,290,954▲7.0% | $2,310,378▲6.6% | 990 |
| 2019 | $360,377▲9.6% | $545,974▼11.5% | $2,141,456▼5.9% | $2,168,293▼8.8% | 990 |
| 2018 | $328,869▼9.5% | $616,648▲126% | $2,276,701▲122% | $2,378,475▲125% | 990 |
| 2016 | $363,366▲124% | $272,847▲17.0% | $1,025,748▲9.7% | $1,056,792▲11.6% | 990 |
| 2015 | $162,307 | $233,170 | $935,229 | $947,303 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
11 grants to Fairmont Opera House Inc totaling $196K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mightycause Charitable Foundation | Unrestricted | 2024 | $6,473 |
| Saint Paul & Minnesota Foundation | Multiple grants for programs, operations, or other purposes | 2023 | $12,500 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $12,250 |
| Community Fdn of Greater Des Moines | Grant distribution for the safety and accessibility project | 2023 | $10,000 |
| Minnesota Historical Society | Legacy grant for structural engineering assessment of main roof and supporting exterior walls | 2022 | $62,500 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2022 | $7,000 |
| Minnesota Historical Society | Legacy grant for structural engineering of main roof and supporting walls | 2021 | $37,500 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2021 | $17,550 |
| Minnesota Historical Society | Legacy grants for balcony railing stabilization construction drawings | 2020 | $10,000 |
| Network For Good Inc | Unrestricted | 2019 | $6,083 |
| Raymond James Charitable Endowment Fund | Capital campaign | 2017 | $14,000 |
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Data for Fairmont Opera House Inc (EIN 41-1408912) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.