Is Home For Contemporary Theatre And Art Ltd Legit?
Quick charity verification for Home For Contemporary Theatre And Art Ltd (EIN: 133449416)
Verdict: Home For Contemporary Theatre And Art Ltd shows mixed signals
65/100Mission Score
$2.2MRevenue
$2.5MAssets
3Red Flags
2Strengths
Red Flags
Recurring operational deficits (e.g., $639,748 in 202308, $663,334 in 202208).
Significant liabilities relative to assets (e.g., $1,540,387 liabilities against $3,234,113 assets in 202308).
Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual leadership costs.
Strengths
Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing executive overhead.
Maintained a stable asset base over several years, despite revenue fluctuations.
Spending Breakdown
How Home For Contemporary Theatre And Art Ltd 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 Home For Contemporary Theatre And Art Ltd
Is Home For Contemporary Theatre And Art Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Home For Contemporary Theatre And Art Ltd (EIN: 133449416) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Home For Contemporary Theatre And Art Ltd a good charity to donate to?
Home For Contemporary Theatre And Art Ltd has a Mission Score of 65/100. Revenue: $2.2M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home For Contemporary Theatre And Art Ltd?
The Employer Identification Number (EIN) for Home For Contemporary Theatre And Art Ltd is 133449416. 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 Home For Contemporary Theatre And Art Ltd spend its money?
Home For Contemporary Theatre And Art Ltd allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home For Contemporary Theatre And Art Ltd's tax-exempt status?
You can verify Home For Contemporary Theatre And Art Ltd's tax-exempt status using EIN 133449416 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
Home For Contemporary Theatre And Art Ltd has experienced fluctuating financial performance over the past several years. In the most recent period (202308), the organization reported revenue of $2,236,630 against expenses of $2,876,378, indicating a deficit of over $600,000. This continues a trend of expenses exceeding revenue in several recent periods, including 202208 and 202008. While assets have generally remained stable, liabilities have also been significant, reaching $1,540,387 in 202308. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of financial stewardship. However, the recurring operational deficits warrant closer examination to ensure long-term sustainability.