Is The Apollo Theater Foundation Inc Legit?

Quick charity verification for The Apollo Theater Foundation Inc (EIN: 133630066)

Verdict: The Apollo Theater Foundation Inc appears trustworthy

85/100Mission Score

$23.1MRevenue

$65.2MAssets

2Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this size and could mask executive pay if reported elsewhere.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise efficiency analysis.

Strengths

Strong and consistent growth in assets, from $43.5 million in 2016 to $71.6 million in 2023, indicating robust financial management.
Generally stable financial operations with revenues often exceeding or closely matching expenses over the long term.
Low liabilities relative to assets, suggesting a healthy balance sheet and financial stability (e.g., $3.45M liabilities vs. $71.65M assets in 2023).

Spending Breakdown

How The Apollo Theater Foundation 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 The Apollo Theater Foundation Inc

Is The Apollo Theater Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Apollo Theater Foundation Inc (EIN: 133630066) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is The Apollo Theater Foundation Inc a good charity to donate to?

The Apollo Theater Foundation Inc has a Mission Score of 85/100. Revenue: $23.1M. Assets: $65.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Apollo Theater Foundation Inc?

The Employer Identification Number (EIN) for The Apollo Theater Foundation Inc is 133630066. 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 The Apollo Theater Foundation Inc spend its money?

The Apollo Theater Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Apollo Theater Foundation Inc's tax-exempt status?

You can verify The Apollo Theater Foundation Inc's tax-exempt status using EIN 133630066 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 Apollo Theater Foundation Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While revenue has fluctuated, notably peaking at $33,324,849 in 2021 and dipping to $17,794,172 in 2023, the organization has managed its expenses, often operating with a surplus or a manageable deficit. For instance, in 2023, expenses ($20,826,453) slightly outpaced revenue, leading to a deficit, but this follows a period of significant surplus in 2021. The organization's asset base has grown substantially over the years, from $43,521,334 in 2016 to $71,653,135 in 2023, indicating good financial stewardship and capacity building.

Spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. However, the consistent operation and growth of assets suggest that funds are being utilized to support the organization's mission. The absence of reported officer compensation across all filings is a significant point regarding transparency and executive compensation, indicating that the highest-ranking officers may not be directly compensated or that compensation is reported differently, which warrants further investigation for a complete picture of executive pay.

Overall, the Apollo Theater Foundation Inc. appears to be a financially sound organization with a strong asset base and a history of managing its finances effectively. The fluctuations in revenue and expenses are typical for arts organizations, and the long-term trend shows growth and stability. The lack of reported officer compensation is a notable aspect that could be interpreted positively for donor confidence, assuming all compensation is indeed zero or reported under other categories.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.