Significant increase in liabilities to $143,000 in 2023, exceeding total assets of $89,482.
Lack of detailed information regarding the nature of the large 2023 liabilities in the provided summary.
Strengths
Consistent revenue growth in recent years (e.g., $162,759 in 2022 to $191,197 in 2023).
Positive net income in 2022 and 2023, indicating expenses are less than revenue.
Zero officer compensation reported across all filings, demonstrating a commitment to mission-focused spending.
Growing asset base from $13,543 in 2020 to $89,482 in 2023.
Spending Breakdown
How Coastal Youth Ballet Theatre allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Coastal Youth Ballet Theatre
Is Coastal Youth Ballet Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Coastal Youth Ballet Theatre (EIN: 205475724) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Coastal Youth Ballet Theatre a good charity to donate to?
Coastal Youth Ballet Theatre has a Mission Score of 75/100. Revenue: $185K. Assets: $66K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coastal Youth Ballet Theatre?
The Employer Identification Number (EIN) for Coastal Youth Ballet Theatre is 205475724. 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 Coastal Youth Ballet Theatre spend its money?
Coastal Youth Ballet Theatre allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coastal Youth Ballet Theatre's tax-exempt status?
You can verify Coastal Youth Ballet Theatre's tax-exempt status using EIN 205475724 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
Coastal Youth Ballet Theatre demonstrates a generally stable financial position, with recent revenue growth. In 2023, the organization reported revenues of $191,197 against expenses of $170,019, indicating a surplus. This positive trend follows a similar surplus in 2022, where revenues of $162,759 exceeded expenses of $120,979. The organization's assets have also shown growth, reaching $89,482 in 2023, up from $69,926 in 2022 and significantly higher than the $13,543 reported in 2020.
However, a notable concern is the substantial increase in liabilities, which jumped from $1,765 in 2022 to $143,000 in 2023. This significant increase in liabilities, especially relative to assets, warrants further investigation to understand its nature and potential impact on long-term financial health. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and public trust.