Center Theatre Inc
Center Theatre Inc shows stable assets but recent operating deficits with no reported executive compensation.
EIN: 10520096 · Dovr Foxcroft, ME · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $598K |
| Total Expenses | $525K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 75/100 |
Is Center Theatre Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center Theatre Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center Theatre Inc
Center Theatre Inc (EIN: 10520096) is a nonprofit organization based in Dovr Foxcroft, ME, classified under NTEE code A80. The organization reported total revenue of $598K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Theatre Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $433K |
| Total Expenses | $525K |
| Surplus / Deficit | $-91,929 |
| Total Assets | $1.4M |
| Total Liabilities | $89K |
| Net Assets | $1.4M |
| Operating Margin | -21.2% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 33.1 months |
Financial Health Grade: B
In 2023, Center Theatre Inc reported a deficit of $92K with expenses exceeding revenue, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +7.3% | -5.7% |
| 2022 | -5.7% | +25.6% | -2.5% |
| 2021 | +56.6% | +34.2% | +4.7% |
| 2020 | -17.2% | -15.7% | +5.6% |
| 2019 | +1.0% | +3.2% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center Theatre Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Center Theatre Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Center Theatre Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and suggests a volunteer-led executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center Theatre Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $524,824 vs. revenue $432,895)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Center Theatre Inc:
- Stable and substantial asset base, consistently over $1.4 million.
- No reported executive compensation, indicating resources are not diverted to high salaries.
- Consistent IRS 990 filing history, demonstrating transparency.
- Recovery in revenue post-2020 pandemic dip.
Frequently Asked Questions about Center Theatre Inc
Is Center Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center Theatre Inc (EIN: 10520096) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Center Theatre Inc spend its money?
Center Theatre Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Center Theatre Inc tax-deductible?
Center Theatre Inc is registered as a tax-exempt nonprofit (EIN: 10520096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center Theatre Inc's spending goes to programs?
Center Theatre Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center Theatre Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Center Theatre Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center Theatre Inc located?
Center Theatre Inc is headquartered in Dovr Foxcroft, Maine and files with the IRS under EIN 10520096. It is classified under NTEE code A80.
How many years of IRS 990 filings does Center Theatre Inc have?
Center Theatre Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $598K in total revenue.
Is Center Theatre Inc financially sustainable given recent deficits?
While Center Theatre Inc has a stable asset base of over $1.4 million, the recent trend of expenses exceeding revenue (e.g., $524,824 in expenses vs. $432,895 in revenue in 2023) suggests a need to address operating deficits to ensure long-term financial sustainability.
How does Center Theatre Inc fund its operations without executive compensation?
The consistent reporting of 0% officer compensation across all filings implies that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a significant factor in its operational model.
What is the primary source of Center Theatre Inc's revenue?
The provided data shows fluctuating revenue, reaching $432,895 in 2023. Without a detailed breakdown from the 990, it's not possible to pinpoint the exact primary source (e.g., ticket sales, grants, donations), but it has recovered from a low of $297,035 in 2020.
Filing History
IRS 990 filing history for Center Theatre Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center Theatre Inc's revenue has grown by 133.7%, moving from $185K to $433K. Total assets decreased by 16.2% over the same period, from $1.7M to $1.4M. Total functional expenses rose by 116.5%, from $242K to $525K. In its most recent filing year (2023), Center Theatre Inc reported a deficit of $92K, with expenses exceeding revenue. The organization holds $89K in liabilities against $1.4M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $433K | $525K | $1.4M | $89K | — | View 990 |
| 2022 | $439K | $489K | $1.5M | $89K | — | View 990 |
| 2021 | $465K | $390K | $1.6M | $51K | — | View 990 |
| 2020 | $297K | $290K | $1.5M | $72K | — | View 990 |
| 2019 | $359K | $344K | $1.4M | $7K | — | View 990 |
| 2018 | $355K | $334K | $1.4M | $10K | — | View 990 |
| 2017 | $307K | $300K | $1.4M | $9K | — | View 990 |
| 2016 | $301K | $286K | $1.4M | $15K | — | View 990 |
| 2015 | $257K | $273K | $1.4M | $14K | — | View 990 |
| 2014 | $244K | $291K | $1.4M | $31K | — | View 990 |
| 2013 | $254K | $314K | $1.5M | $31K | — | View 990 |
| 2012 | $296K | $257K | $1.5M | $500 | — | View 990 |
| 2011 | $185K | $242K | $1.7M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $433K, expenses of $525K, and assets of $1.4M (revenue -1.3% year-over-year).
- 2022: Revenue of $439K, expenses of $489K, and assets of $1.5M (revenue -5.7% year-over-year).
- 2021: Revenue of $465K, expenses of $390K, and assets of $1.6M (revenue +56.6% year-over-year).
- 2020: Revenue of $297K, expenses of $290K, and assets of $1.5M (revenue -17.2% year-over-year).
- 2019: Revenue of $359K, expenses of $344K, and assets of $1.4M (revenue +1.0% year-over-year).
- 2018: Revenue of $355K, expenses of $334K, and assets of $1.4M (revenue +15.6% year-over-year).
- 2017: Revenue of $307K, expenses of $300K, and assets of $1.4M (revenue +2.0% year-over-year).
- 2016: Revenue of $301K, expenses of $286K, and assets of $1.4M (revenue +17.3% year-over-year).
- 2015: Revenue of $257K, expenses of $273K, and assets of $1.4M (revenue +5.1% year-over-year).
- 2014: Revenue of $244K, expenses of $291K, and assets of $1.4M (revenue -3.7% year-over-year).
- 2013: Revenue of $254K, expenses of $314K, and assets of $1.5M (revenue -14.2% year-over-year).
- 2012: Revenue of $296K, expenses of $257K, and assets of $1.5M (revenue +59.7% year-over-year).
- 2011: Revenue of $185K, expenses of $242K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Theatre Inc:
Data Sources and Methodology
This transparency report for Center Theatre Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.