Is Southern Colorado Theatre Company Legit?…

Quick charity verification for Southern Colorado Theatre Company (EIN: 200042504)

Strengths

Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
Demonstrated revenue growth over the past decade, from $158,559 in 2014 to $841,395 in 2023.
History of consistent IRS 990 filings (14 filings), indicating good transparency.
Asset base has grown significantly over the long term, from $57,683 in 2015 to $209,075 in 2023, despite recent decline.

Spending Breakdown

How Southern Colorado Theatre Company allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Southern Colorado Theatre Company

Is Southern Colorado Theatre Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Southern Colorado Theatre Company (EIN: 200042504) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

Is Southern Colorado Theatre Company a good charity to donate to?

Southern Colorado Theatre Company has a Mission Score of 65/100. Revenue: $785K. Assets: $302K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Southern Colorado Theatre Company?

The Employer Identification Number (EIN) for Southern Colorado Theatre Company is 200042504. 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 Southern Colorado Theatre Company spend its money?

Southern Colorado Theatre Company allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Southern Colorado Theatre Company's tax-exempt status?

You can verify Southern Colorado Theatre Company's tax-exempt status using EIN 200042504 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

Southern Colorado Theatre Company demonstrates a mixed financial picture. While the organization has shown significant growth in revenue over the past decade, peaking at $853,801 in 2022, its financial stability appears to be volatile. The most recent filing (202312) shows a substantial deficit, with expenses of $1,076,121 exceeding revenue of $841,395, leading to a decrease in assets from $444,021 in 2022 to $209,075 in 2023 and a dramatic increase in liabilities to $1,367,000. This suggests potential operational challenges or significant one-time expenditures.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing executive overhead, which is a positive sign for donor confidence. The significant fluctuation in net assets and the recent large deficit warrant closer examination to understand the underlying causes and the organization's plan for long-term sustainability. The lack of reported officer compensation also suggests a lean administrative structure, which can be efficient if not at the expense of necessary oversight.

Transparency is generally good with consistent annual filings. However, the sudden surge in liabilities in 2023, without corresponding revenue growth, raises questions about financial management and potential debt accumulation. While the organization has grown its asset base considerably from $57,683 in 2015 to $209,075 in 2023 (despite the recent dip), the recent financial performance indicates a need for improved fiscal management to ensure long-term viability and mission delivery.

Is Southern Colorado Theatre Company Legit?

Verdict: Southern Colorado Theatre Company shows mixed signals

Red Flags