Is Paramount Theater Of Charlottesville Inc…

Quick charity verification for Paramount Theater Of Charlottesville Inc (EIN: 201562018)

Strengths

Strong asset growth over the past decade, from $386,893 in 2014 to $1,877,648 in 2023, demonstrating financial health and reinvestment.
Consistent IRS 990 filing history (13 filings), indicating a commitment to regulatory compliance and transparency.
Significant revenue generation, with latest reported revenue at $3,795,661, showing strong public support and operational activity.
Positive net assets (Assets $1,877,648 vs. Liabilities $684,505 in 2023), indicating a healthy financial position.

Spending Breakdown

How Paramount Theater Of Charlottesville Inc 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 Paramount Theater Of Charlottesville Inc

Is Paramount Theater Of Charlottesville Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Paramount Theater Of Charlottesville Inc (EIN: 201562018) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Paramount Theater Of Charlottesville Inc a good charity to donate to?

Paramount Theater Of Charlottesville Inc has a Mission Score of 75/100. Revenue: $3.8M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Paramount Theater Of Charlottesville Inc?

The Employer Identification Number (EIN) for Paramount Theater Of Charlottesville Inc is 201562018. 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 Paramount Theater Of Charlottesville Inc spend its money?

Paramount Theater Of Charlottesville Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Paramount Theater Of Charlottesville Inc's tax-exempt status?

You can verify Paramount Theater Of Charlottesville Inc's tax-exempt status using EIN 201562018 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

The Paramount Theater Of Charlottesville Inc demonstrates a generally stable financial position, with recent revenue fluctuations reflecting the dynamic nature of the performing arts sector. In fiscal year 2023, the organization reported revenues of $3,390,424 against expenses of $3,955,594, indicating a deficit for that period. However, the prior year (2022) showed a significant surplus with revenues of $3,822,333 exceeding expenses of $2,623,896, suggesting a capacity for strong financial performance. The organization's assets have shown growth over the past decade, from $386,893 in 2014 to $1,877,648 in 2023, indicating prudent asset management and reinvestment.

While specific program spending ratios are not detailed in the provided data, the consistent reporting of zero officer compensation across all filings suggests a commitment to minimizing administrative overhead at the executive level, which is a positive indicator for donor confidence. The organization's NTEE code (A60 - Performing Arts Centers) aligns well with its mission, and the consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. The fluctuations in revenue and expenses are typical for event-driven organizations, and the overall trend in asset growth is reassuring.

To further assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial. However, based on the available data, the organization appears to be managing its finances responsibly, with a focus on its mission and a transparent approach to executive compensation.

Is Paramount Theater Of Charlottesville Inc Legit?

Verdict: Paramount Theater Of Charlottesville Inc appears trustworthy

Red Flags