Quick charity verification for Bay Street Theatre Festival Inc (EIN: 133628854)
Verdict: Bay Street Theatre Festival Inc appears trustworthy
70/100Mission Score
$5.7MRevenue
$2.2MAssets
3Red Flags
3Strengths
Red Flags
Operating deficits in recent years (e.g., $565,258 in 2023, $237,743 in 2022)
Significant increase in liabilities to $1,530,735 in 2023
Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual executive pay.
Strengths
Consistent revenue growth over the past decade, from $2.8M in 2014 to $4.6M in 2023.
Substantial growth in assets, from under $1M in 2019 to over $2.5M in 2023, indicating increased capacity.
Clear mission focus as a performing arts organization (NTEE A650).
Spending Breakdown
How Bay Street Theatre Festival Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Bay Street Theatre Festival Inc
Is Bay Street Theatre Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay Street Theatre Festival Inc (EIN: 133628854) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Bay Street Theatre Festival Inc a good charity to donate to?
Bay Street Theatre Festival Inc has a Mission Score of 70/100. Revenue: $5.7M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bay Street Theatre Festival Inc?
The Employer Identification Number (EIN) for Bay Street Theatre Festival Inc is 133628854. 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 Bay Street Theatre Festival Inc spend its money?
Bay Street Theatre Festival Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bay Street Theatre Festival Inc's tax-exempt status?
You can verify Bay Street Theatre Festival Inc's tax-exempt status using EIN 133628854 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
Bay Street Theatre Festival Inc. demonstrates a fluctuating financial position over the past few years. While revenue has generally increased from $2.8 million in 2014 to $4.6 million in 2023, the organization has experienced periods where expenses exceeded revenue, notably in 2023 ($5.19M expenses vs. $4.62M revenue) and 2022 ($5.11M expenses vs. $4.87M revenue). This indicates a reliance on prior year surpluses or other funding sources to cover operational costs in some periods. The organization's assets have shown significant growth, from under $1 million in 2014-2019 to over $2.5 million in 2023, suggesting investment in its infrastructure or reserves. However, liabilities also saw a substantial increase in 2023 to $1.53 million, which warrants closer examination.
Spending efficiency is difficult to fully assess 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 executive compensation is reported under other expense categories. The organization's NTEE code (A650 - Performing Arts, Theatrical) indicates a clear program focus. The absence of reported officer compensation could be a positive indicator of transparency regarding executive pay, assuming it is accurately represented.
Overall, Bay Street Theatre Festival appears to be a growing organization with increasing revenue and assets, but it needs to manage its expenses more closely to avoid consistent deficits. The significant jump in liabilities in the latest filing period is a point of concern that could impact its long-term financial stability if not addressed. Further detailed financial statements would be necessary to fully evaluate spending efficiency and the nature of the increased liabilities.