Is Colonial Theatre Group Inc Legit?

Quick charity verification for Colonial Theatre Group Inc (EIN: 20466087)

Verdict: Colonial Theatre Group Inc appears trustworthy

80/100Mission Score
$2.6MRevenue
$14.1MAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Colonial Theatre Group 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 Colonial Theatre Group Inc

Is Colonial Theatre Group Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Colonial Theatre Group Inc (EIN: 20466087) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.

Is Colonial Theatre Group Inc a good charity to donate to?

Colonial Theatre Group Inc has a Mission Score of 80/100. Revenue: $2.6M. Assets: $14.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Colonial Theatre Group Inc?

The Employer Identification Number (EIN) for Colonial Theatre Group Inc is 20466087. 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 Colonial Theatre Group Inc spend its money?

Colonial Theatre Group Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Colonial Theatre Group Inc's tax-exempt status?

You can verify Colonial Theatre Group Inc's tax-exempt status using EIN 20466087 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

Colonial Theatre Group Inc demonstrates a fluctuating financial performance over the past several years. While the organization reported significant revenue in some periods, such as $7,777,699 in 2020 and $4,158,149 in 2023, the latest filing (202407) shows expenses ($2,892,958) exceeding revenue ($2,282,128), indicating an operating deficit. This trend of expenses sometimes outpacing revenue, as seen in 2024, 2018, 2017, 2016, and 2015, suggests a need for careful financial management to ensure long-term sustainability. The organization's assets have grown substantially, from $2,607,977 in 2015 to $14,109,178 in 2024, indicating successful capital accumulation or significant investments. However, the liabilities have also seen considerable fluctuation, peaking at $5,966,917 in 2022 before decreasing to $2,502,022 in 2024. 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, which is a positive indicator of financial transparency and efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging.

View Full Transparency Report →

Disclaimer

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

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