Quick charity verification for Theatre Horizon (EIN: 203708656)
Verdict: Theatre Horizon appears trustworthy
85/100Mission Score
$1.2MRevenue
$1.5MAssets
1Red Flags
4Strengths
Red Flags
Significant deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $500,000.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating excellent executive compensation practices.
Strong asset growth over the past decade, from $448,145 in 2013 to $1,938,330 in 2023.
Generally low liabilities relative to assets, demonstrating good financial management.
Consistent filing of IRS Form 990s, indicating transparency and compliance.
AI Transparency Report
Theatre Horizon demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across all reported periods. The organization has shown significant growth in revenue and assets over the past decade, with assets growing from $448,145 in 2013 to $1,938,330 in 2023. While there was a notable deficit in the 2023 fiscal year, with expenses exceeding revenue by over $500,000, this follows two years of substantial surpluses in 2021 and 2022. The organization's consistent reporting and zero officer compensation indicate a commitment to transparency and efficient use of funds, particularly regarding executive pay. The fluctuation in annual revenue and expenses suggests a dynamic operational environment, but the overall trend points to a growing and stable organization.