Quick charity verification for Waldo Theater Inc (EIN: 10459306)
Verdict: Waldo Theater Inc appears trustworthy
85/100Mission Score
$596KRevenue
$1.0MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $28,170.
Strengths
Consistent asset growth, exceeding $1 million by 2023.
Zero officer compensation reported across all filings, indicating strong dedication to mission.
Significant revenue growth over the past five years, from $120,025 in 2018 to $487,903 in 2023.
Consistent IRS 990 filing history, demonstrating good transparency.
Spending Breakdown
How Waldo Theater Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Waldo Theater Inc
Is Waldo Theater Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waldo Theater Inc (EIN: 10459306) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Waldo Theater Inc a good charity to donate to?
Waldo Theater Inc has a Mission Score of 85/100. Revenue: $596K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Waldo Theater Inc?
The Employer Identification Number (EIN) for Waldo Theater Inc is 10459306. 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 Waldo Theater Inc spend its money?
Waldo Theater Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Waldo Theater Inc's tax-exempt status?
You can verify Waldo Theater Inc's tax-exempt status using EIN 10459306 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
Waldo Theater Inc demonstrates a generally stable financial position with consistent asset growth over the past several years, reaching over $1 million in assets by 2023. While the organization experienced a deficit in 2023, with expenses exceeding revenue by approximately $28,000, this follows a period of significant revenue growth from $120,025 in 2018 to $487,903 in 2023. The organization's liabilities have also increased, reaching $192,897 in 2023, which warrants monitoring but is not immediately alarming given the asset base. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and public trust.
Spending efficiency appears to be reasonable, though specific program spending ratios are not detailed in the provided data. However, the absence of officer compensation suggests a lean operational structure at the top. The organization's revenue has shown substantial growth, particularly between 2022 and 2023, indicating increasing community support or successful fundraising efforts. The consistent filing of IRS Form 990s over six periods demonstrates good financial transparency and adherence to regulatory requirements, allowing for public scrutiny of its financial activities.
Overall, Waldo Theater Inc appears to be a financially sound organization with a clear upward trend in its operational scale. The recent deficit in 2023 should be observed in future filings to ensure it's an anomaly rather than a trend. The lack of executive compensation is a significant positive indicator of its dedication to its mission.