Chapin Community Theatre Inc
Chapin Community Theatre Inc shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 203431391 · Chapin, SC · NTEE: A61 · Updated: 2026-03-28
Is Chapin Community Theatre Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chapin Community Theatre Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chapin Community Theatre Inc
Chapin Community Theatre Inc (EIN: 203431391) is a nonprofit organization based in Chapin, SC, classified under NTEE code A61. The organization reported total revenue of $283K and total assets of $963K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chapin Community Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chapin Community Theatre Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chapin Community Theatre Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Chapin Community Theatre Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer roles, which contributes to very low administrative overhead.
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 Chapin Community Theatre Inc's IRS 990 filings:
- Increase in liabilities from $0 in 2017 to $279,495 in 2023, warranting monitoring relative to asset growth.
Strengths
The following positive indicators were identified for Chapin Community Theatre Inc:
- Consistent revenue growth, with latest revenue at $233,656.
- Strong asset accumulation, reaching $895,016 in 2023 from $313,409 in 2014.
- 0% reported officer compensation across all filings, indicating efficient use of funds.
- Expenses consistently well below revenue, demonstrating effective financial management (e.g., $233,656 revenue vs. $127,815 expenses in 2023).
- Regular and transparent IRS 990 filing history (12 filings).
Frequently Asked Questions about Chapin Community Theatre Inc
Is Chapin Community Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chapin Community Theatre Inc (EIN: 203431391) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Chapin Community Theatre Inc spend its money?
Chapin Community Theatre Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chapin Community Theatre Inc tax-deductible?
Chapin Community Theatre Inc is registered as a tax-exempt nonprofit (EIN: 203431391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Chapin Community Theatre Inc a good charity?
Based on its financial health, consistent revenue growth, strong asset accumulation (from $323,017 in 2015 to $895,016 in 2023), and 0% reported officer compensation, Chapin Community Theatre Inc appears to be a well-managed and financially sound organization, suggesting it is a good charity.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement, with revenue growing from $45,733 in 2014 to $233,656 in 2023, and assets increasing from $313,409 to $895,016 over the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Chapin Community Theatre Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or compensation structured in a way that minimizes direct officer salary expenses.
Filing History
IRS 990 filing history for Chapin Community Theatre Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Chapin Community Theatre Inc's revenue has grown by 363.8%, moving from $50K to $234K. Total assets increased by 184.3% over the same period, from $315K to $895K. Total functional expenses rose by 151.9%, from $51K to $128K. In its most recent filing year (2023), Chapin Community Theatre Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $279K in liabilities against $895K in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $616K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $234K | $128K | $895K | $279K | — | — |
| 2022 | $246K | $68K | $664K | $154K | — | View 990 |
| 2021 | $36K | $28K | $400K | $880 | — | View 990 |
| 2020 | $95K | $86K | $392K | $438 | — | — |
| 2019 | $102K | $86K | $385K | $3K | — | View 990 |
| 2018 | $90K | $62K | $367K | $2K | — | View 990 |
| 2017 | $68K | $53K | $338K | $0 | — | View 990 |
| 2016 | $80K | $80K | $323K | $0 | — | View 990 |
| 2015 | $80K | $71K | $323K | $0 | — | View 990 |
| 2014 | $46K | $46K | $313K | $0 | — | View 990 |
| 2013 | $45K | $46K | $313K | $0 | — | View 990 |
| 2012 | $50K | $51K | $315K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $234K, expenses of $128K, and assets of $895K (revenue -4.9% year-over-year).
- 2022: Revenue of $246K, expenses of $68K, and assets of $664K (revenue +585.6% year-over-year).
- 2021: Revenue of $36K, expenses of $28K, and assets of $400K (revenue -62.1% year-over-year).
- 2020: Revenue of $95K, expenses of $86K, and assets of $392K (revenue -7.5% year-over-year).
- 2019: Revenue of $102K, expenses of $86K, and assets of $385K (revenue +14.1% year-over-year).
- 2018: Revenue of $90K, expenses of $62K, and assets of $367K (revenue +31.8% year-over-year).
- 2017: Revenue of $68K, expenses of $53K, and assets of $338K (revenue -15.5% year-over-year).
- 2016: Revenue of $80K, expenses of $80K, and assets of $323K (revenue +0.1% year-over-year).
- 2015: Revenue of $80K, expenses of $71K, and assets of $323K (revenue +75.8% year-over-year).
- 2014: Revenue of $46K, expenses of $46K, and assets of $313K (revenue +1.3% year-over-year).
- 2013: Revenue of $45K, expenses of $46K, and assets of $313K (revenue -10.4% year-over-year).
- 2012: Revenue of $50K, expenses of $51K, and assets of $315K.
Data Sources and Methodology
This transparency report for Chapin Community 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.