Consistent reporting of zero liabilities in recent years (202406-202106), indicating a strong balance sheet.
Long history of IRS 990 filings (13 total), demonstrating strong transparency.
Consistent 0% officer compensation, suggesting resources are directed towards the mission.
Stable asset base despite revenue fluctuations.
Spending Breakdown
How Mad Horse Theatre Company allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Mad Horse Theatre Company
Is Mad Horse Theatre Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Mad Horse Theatre Company (EIN: 10422341) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Mad Horse Theatre Company a good charity to donate to?
Mad Horse Theatre Company has a Mission Score of 85/100. Revenue: $118K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mad Horse Theatre Company?
The Employer Identification Number (EIN) for Mad Horse Theatre Company is 10422341. 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 Mad Horse Theatre Company spend its money?
Mad Horse Theatre Company allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mad Horse Theatre Company's tax-exempt status?
You can verify Mad Horse Theatre Company's tax-exempt status using EIN 10422341 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
Mad Horse Theatre Company demonstrates consistent financial activity, with revenues and expenses generally fluctuating around the $100,000 mark over the past decade. While the organization has experienced periods of deficit spending, such as in 202406 where expenses ($107,673) exceeded revenue ($96,478), its asset base has remained relatively stable, currently at $84,111. The consistent reporting of zero liabilities in recent years (202406, 202306, 202206, 202106) indicates a strong balance sheet and responsible financial management regarding debt.
The organization's transparency is commendable, particularly with 13 filings available, showing a long history of public disclosure. The consistent reporting of 0% officer compensation across all available filings suggests that the organization is primarily volunteer-led or compensates its leadership below the threshold requiring disclosure, which can be a positive indicator of resources being directed towards its mission. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency between programs, administration, and fundraising.
Overall, Mad Horse Theatre Company appears to be a financially stable, albeit small, organization with a good track record of transparency and minimal debt. Its ability to maintain operations despite fluctuating revenues and occasional deficits, while keeping liabilities at zero, speaks to prudent financial oversight. Further insight into the allocation of its expenses would provide a more complete picture of its spending efficiency.