Is Theatre Advancement Production Society Inc Legit?
Quick charity verification for Theatre Advancement Production Society Inc (EIN: 200352895)
Verdict: Theatre Advancement Production Society Inc shows mixed signals
45/100Mission Score
$878KRevenue
$0Assets
4Red Flags
3Strengths
Red Flags
Sudden disappearance of all reported assets and liabilities in 2023 without explanation.
History of significant operating deficits in multiple years (e.g., 2019, 2018, 2017).
Lack of detailed expense breakdown to assess program efficiency.
High liabilities relative to assets in previous years (e.g., 2022 liabilities $1.9M vs assets $548K).
Strengths
Reported positive net income in 2023 ($878,377 revenue vs $588,889 expenses).
Consistent reporting of 0% officer compensation, suggesting volunteer leadership or lean executive costs.
Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
Spending Breakdown
How Theatre Advancement Production Society Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Theatre Advancement Production Society Inc
Is Theatre Advancement Production Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Theatre Advancement Production Society Inc (EIN: 200352895) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Theatre Advancement Production Society Inc a good charity to donate to?
Theatre Advancement Production Society Inc has a Mission Score of 45/100. Revenue: $878K. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Theatre Advancement Production Society Inc?
The Employer Identification Number (EIN) for Theatre Advancement Production Society Inc is 200352895. 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 Theatre Advancement Production Society Inc spend its money?
Theatre Advancement Production Society Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Theatre Advancement Production Society Inc's tax-exempt status?
You can verify Theatre Advancement Production Society Inc's tax-exempt status using EIN 200352895 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
Theatre Advancement Production Society Inc's financial health appears highly volatile, with significant fluctuations in revenue and expenses over the past several years. The organization reported $878,377 in revenue and $588,889 in expenses in 2023, a positive net income after several years of operating deficits. However, the organization reported $0 in assets and liabilities in 2023, a stark contrast to previous years where assets were over $500,000 and liabilities over $1.9 million. This sudden disappearance of assets and liabilities warrants further investigation to understand the organization's true financial position and the nature of these changes.
Spending efficiency is difficult to assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The NTEE code A65 suggests a focus on performing arts, but without a clear allocation of expenses, it's challenging to determine how effectively funds are being directed towards its mission. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which could be a positive indicator of resource allocation if other operational costs are managed efficiently.
Transparency is a concern given the dramatic shift in reported assets and liabilities from 2022 to 2023. While the organization consistently files its IRS Form 990, the lack of clarity around these significant financial changes diminishes overall transparency. A detailed explanation of how assets and liabilities went from over $500,000 and $1.9 million respectively to $0 in a single year is crucial for stakeholders to understand the organization's financial stability and operational integrity.