Quick charity verification for Theatre Squared Inc (EIN: 201016258)
Verdict: Theatre Squared Inc appears trustworthy
70/100Mission Score
$6.2MRevenue
$31.8MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficit in the latest fiscal year (202306) where expenses exceeded revenue by over $1.3 million.
Unusual reporting of 0% for officer compensation across all available filings, which may obscure true executive compensation.
Significant fluctuation in revenue and expenses year-over-year, indicating potential instability in financial planning or external funding.
Strengths
Substantial asset base of $36,638,970 in 202306, providing financial stability and capacity for future projects.
Demonstrated ability to generate significant revenue, with peaks over $10 million in 201906 and nearly $8 million in 202206 and 202106.
Strong historical growth in assets, from $362,606 in 201306 to over $36 million in 202306, indicating successful capital campaigns and investment.
Spending Breakdown
How Theatre Squared 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 Theatre Squared Inc
Is Theatre Squared Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Theatre Squared Inc (EIN: 201016258) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Theatre Squared Inc a good charity to donate to?
Theatre Squared Inc has a Mission Score of 70/100. Revenue: $6.2M. Assets: $31.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Theatre Squared Inc?
The Employer Identification Number (EIN) for Theatre Squared Inc is 201016258. 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 Squared Inc spend its money?
Theatre Squared Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Theatre Squared Inc's tax-exempt status?
You can verify Theatre Squared Inc's tax-exempt status using EIN 201016258 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 Squared Inc. demonstrates a fluctuating financial performance over the past several years. While the organization has seen significant asset growth, reaching a peak of over $40 million in 2021, its revenue and expenses have shown considerable variability. In the most recent filing (202306), the organization reported expenses exceeding revenue by over $1.3 million ($7,095,538 in expenses vs. $5,729,500 in revenue), indicating an operating deficit for that period. This follows a period of strong revenue generation in 202206 and 202106 where revenues significantly outpaced expenses.
The organization's asset base remains substantial at $36,638,970 in 202306, providing a buffer against operational fluctuations. However, the consistent reporting of 0% for officer compensation across all available filings raises questions about the completeness of compensation disclosures, or indicates a unique compensation structure where officers are not compensated directly through the organization's payroll, which could impact transparency. Further detail on how executive leadership is compensated would enhance transparency.
Overall, Theatre Squared Inc. appears to be in a period of financial adjustment, with recent deficits following periods of strong growth and surplus. Its substantial assets suggest a capacity to weather these fluctuations, but consistent operational deficits could become a concern if not addressed. The lack of reported officer compensation is a notable point for further inquiry regarding transparency.