Is Theatreworks Usa Corp Legit?

Quick charity verification for Theatreworks Usa Corp (EIN: 132583793)

Verdict: Theatreworks Usa Corp appears trustworthy

75/100Mission Score

$8.9MRevenue

$4.8MAssets

2Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive remuneration practices.
Operational deficit in the 202306 period, with expenses ($7,382,356) exceeding revenue ($6,884,409).

Strengths

Significant growth in assets, from $2,515,108 in 202106 to $5,293,277 in 202306, indicating strengthening financial reserves.
Strong operational surplus in the 202206 period, with revenue ($7,602,436) significantly exceeding expenses ($4,524,874).
Consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency and compliance.

Spending Breakdown

How Theatreworks Usa Corp 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 Theatreworks Usa Corp

Is Theatreworks Usa Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Theatreworks Usa Corp (EIN: 132583793) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Theatreworks Usa Corp a good charity to donate to?

Theatreworks Usa Corp has a Mission Score of 75/100. Revenue: $8.9M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Theatreworks Usa Corp?

The Employer Identification Number (EIN) for Theatreworks Usa Corp is 132583793. 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 Theatreworks Usa Corp spend its money?

Theatreworks Usa Corp allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Theatreworks Usa Corp's tax-exempt status?

You can verify Theatreworks Usa Corp's tax-exempt status using EIN 132583793 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

Theatreworks Usa Corp demonstrates a generally stable financial position with fluctuating but often positive net assets over the past few years. In the 202306 period, the organization reported expenses of $7,382,356 against revenues of $6,884,409, indicating a deficit for that year. However, the prior year (202206) showed a significant surplus with revenues of $7,602,436 exceeding expenses of $4,524,874. The organization's assets have shown growth, increasing from $2,515,108 in 202106 to $5,293,277 in 202306, suggesting a strengthening balance sheet despite occasional operational deficits. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, as it suggests either no compensation or that compensation is not reported in a way that is easily identifiable as officer compensation on the 990, which warrants further investigation for clarity.

The organization's spending efficiency appears to vary. While the 202206 period showed strong efficiency with expenses significantly lower than revenue, the 202306 period saw expenses outpace revenue. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. However, the consistent growth in assets, particularly the jump from $4,544,535 in 202206 to $5,293,277 in 202306, suggests effective management of resources over time. The organization's consistent filing history and the explicit 0% officer compensation reported contribute positively to its transparency profile.

View Full Transparency Report →

Disclaimer

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