Modest asset base relative to annual revenue, indicating limited reserves for unexpected events.
Strengths
Consistent break-even operations, as seen in 2022 with revenue and expenses both at $253,895.
Zero liabilities reported across all 12 filings, demonstrating strong financial health and no debt.
No officer compensation, suggesting a high dedication of resources to the mission.
Consistent IRS 990 filing history (12 filings), indicating good transparency and compliance.
Efficient resource management, as evidenced by closely matched revenues and expenses.
Spending Breakdown
How Imagine Ballet Theatre Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Imagine Ballet Theatre Inc
Is Imagine Ballet Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Imagine Ballet Theatre Inc (EIN: 203410912) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 5 strengths noted.
Is Imagine Ballet Theatre Inc a good charity to donate to?
Imagine Ballet Theatre Inc has a Mission Score of 80/100. Revenue: $254K. Assets: $62K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Imagine Ballet Theatre Inc?
The Employer Identification Number (EIN) for Imagine Ballet Theatre Inc is 203410912. 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 Imagine Ballet Theatre Inc spend its money?
Imagine Ballet Theatre Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Imagine Ballet Theatre Inc's tax-exempt status?
You can verify Imagine Ballet Theatre Inc's tax-exempt status using EIN 203410912 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
Imagine Ballet Theatre Inc demonstrates consistent financial operations, with revenues and expenses closely matched over the past several years. For instance, in 2022, revenue was $253,895 and expenses were exactly $253,895, indicating a break-even operation. The organization maintains a healthy balance sheet with zero liabilities reported across all available filings, suggesting strong financial management and no reliance on debt. While specific program spending ratios are not detailed in the provided summary, the consistent operational pattern and lack of liabilities point to a stable, if lean, financial structure. The absence of officer compensation also suggests a volunteer-driven leadership model, which can be a positive indicator of resource allocation directly to mission-related activities.
The organization's assets have fluctuated but remained modest, with the latest reported assets at $61,744. This indicates that Imagine Ballet Theatre Inc operates with minimal reserves, focusing on immediate operational needs rather than accumulating significant endowments. The consistent filing of IRS 990 forms over 12 periods demonstrates a commitment to regulatory compliance and transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency is challenging. The overall picture is one of a fiscally conservative organization that manages its resources carefully to sustain its operations.