Is Alliance Of Resident Theatres New York Inc Legit?

Quick charity verification for Alliance Of Resident Theatres New York Inc (EIN: 132768583)

Verdict: Alliance Of Resident Theatres New York Inc shows mixed signals

65/100Mission Score

$5.7MRevenue

$43.2MAssets

4Red Flags

3Strengths

Red Flags

Significant deficit in the latest filing (202306) where expenses ($8,043,007) far exceeded revenue ($3,759,345).
Dramatic increase in liabilities from $1.5 million in 202206 to over $25 million in 202306.
Highly inconsistent revenue and expense figures year-over-year, indicating potential financial instability or reliance on volatile funding sources.
Lack of clarity on executive compensation, consistently reported as 0% despite the organization's size.

Strengths

Substantial growth in assets from $11 million in 201406 to $48 million in 202306, indicating successful asset accumulation.
Several periods of strong financial performance where revenue significantly exceeded expenses (e.g., 202206, 201906, 201706).
Consistent reporting of 0% officer compensation, which, if accurate, suggests very low executive overhead.

Spending Breakdown

How Alliance Of Resident Theatres New York Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Alliance Of Resident Theatres New York Inc

Is Alliance Of Resident Theatres New York Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Alliance Of Resident Theatres New York Inc (EIN: 132768583) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Alliance Of Resident Theatres New York Inc a good charity to donate to?

Alliance Of Resident Theatres New York Inc has a Mission Score of 65/100. Revenue: $5.7M. Assets: $43.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Alliance Of Resident Theatres New York Inc?

The Employer Identification Number (EIN) for Alliance Of Resident Theatres New York Inc is 132768583. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Alliance Of Resident Theatres New York Inc spend its money?

Alliance Of Resident Theatres New York Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Alliance Of Resident Theatres New York Inc's tax-exempt status?

You can verify Alliance Of Resident Theatres New York Inc's tax-exempt status using EIN 132768583 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Alliance Of Resident Theatres New York Inc (A.R.T./New York) demonstrates fluctuating financial performance over the past decade. While the organization reported a latest revenue of $5,726,987 and substantial assets of $43,168,395, its recent 202306 filing shows expenses ($8,043,007) significantly exceeding revenue ($3,759,345), leading to a net deficit for that period. This contrasts with periods like 202206 and 201906 where revenue substantially outpaced expenses, indicating an inconsistent financial trajectory. The organization's assets have grown considerably, from $11,070,583 in 201406 to $48,019,487 in 202306, suggesting successful asset accumulation, though the recent increase in liabilities to $25,177,090 in 202306 warrants attention.

The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, or that compensation is structured differently and not reported under 'Officer Comp'. The significant swings in revenue and expenses year-over-year, such as the drop from $9,007,132 in revenue in 202206 to $3,759,345 in 202306, could indicate reliance on large, intermittent grants or project-based funding, which can create financial volatility. Further analysis of their functional expense breakdown would be crucial for a complete picture of spending efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.