Significant deficit in the latest filing (202312) with revenue of $582 against expenses of $5,155.
Highly volatile revenue streams, ranging from $582 (202312) to $257,846 (201512), indicating unpredictable funding.
Static liabilities of approximately $23,861 over many years without significant reduction.
Strengths
Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership.
Generally maintained positive asset balances despite revenue fluctuations.
Long filing history (13 filings) suggests ongoing operations and compliance.
Spending Breakdown
How Potomac Theatre Project 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 Potomac Theatre Project Inc
Is Potomac Theatre Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Potomac Theatre Project Inc (EIN: 132960856) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Potomac Theatre Project Inc a good charity to donate to?
Potomac Theatre Project Inc has a Mission Score of 65/100. Revenue: $1K. Assets: $47K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Potomac Theatre Project Inc?
The Employer Identification Number (EIN) for Potomac Theatre Project Inc is 132960856. 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 Potomac Theatre Project Inc spend its money?
Potomac Theatre Project Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Potomac Theatre Project Inc's tax-exempt status?
You can verify Potomac Theatre Project Inc's tax-exempt status using EIN 132960856 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
Potomac Theatre Project Inc. exhibits inconsistent financial performance, with significant fluctuations in revenue and expenses over the past decade. While the organization generally maintains a positive asset balance, its liabilities have remained static at approximately $23,861 for many years, which could indicate a stable debt structure or a lack of active management of these obligations. The most recent filing (202312) shows a concerning trend with revenue of only $582 against expenses of $5,155, leading to a substantial deficit. This contrasts sharply with prior years like 202212, where revenue of $182,248 exceeded expenses of $167,837.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation towards mission-related activities. The lack of detailed expense categories in the provided data limits a comprehensive analysis of spending efficiency.
Transparency regarding executive compensation is excellent, with consistent reporting of zero officer compensation. However, the absence of NTEE code information and detailed expense breakdowns in the provided summary data somewhat limits a full assessment of programmatic transparency and impact. The organization's financial health appears volatile, with recent performance raising questions about its sustainability given the significant deficit in the latest period.