Chester Theatre Company Inc
Chester Theatre Company: Strong Program Spending, but Declining Assets and Transparency Concerns
EIN: 223081088 · Chester, MA · NTEE: A20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $737K |
| Total Expenses | $742K |
| Program Spending | 85% |
| Net Assets | $790K |
| Transparency Score | 75/100 |
Is Chester Theatre Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chester Theatre Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chester Theatre Company Inc
Chester Theatre Company Inc (EIN: 223081088) is a nonprofit organization based in Chester, MA, classified under NTEE code A20Z. The organization reported total revenue of $737K and total assets of $750K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chester Theatre Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chester Theatre Company Inc is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $751K |
| Total Expenses | $742K |
| Surplus / Deficit | +$10K |
| Total Assets | $847K |
| Total Liabilities | $57K |
| Net Assets | $790K |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Chester Theatre Company Inc reported a surplus of $10K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Chester Theatre Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.4% | +15.7% | -7.1% |
| 2022 | -24.4% | +52.0% | +7.1% |
| 2021 | +183.3% | +68.6% | +53.6% |
| 2020 | -67.8% | -64.6% | -10.9% |
| 2019 | +0.7% | +39.5% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
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 Chester Theatre Company 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chester Theatre Company 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for Form 990, Part VII, Section A, Line 1a.
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 Chester Theatre Company Inc's IRS 990 filings:
- Net assets have been declining over the past two years, from $912,607 in 2022 to $847,432 in 2023.
- Liabilities have seen a substantial increase from $4,561 in 2021 to $57,277 in 2023, which could indicate growing financial strain.
- The organization's revenue has fluctuated significantly, with a notable drop from $828,615 in 2019 to $267,040 in 2020, and then a recovery to $751,484 in 2023, suggesting potential instability.
Strengths
The following positive indicators were identified for Chester Theatre Company Inc:
- The organization consistently allocates a high percentage of its expenses to programs, demonstrating a strong commitment to its mission.
- Despite fluctuations, the organization has shown resilience in revenue generation, recovering from a low of $267,040 in 2020 to $751,484 in 2023.
Frequently Asked Questions about Chester Theatre Company Inc
Is Chester Theatre Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chester Theatre Company Inc (EIN: 223081088) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does Chester Theatre Company Inc spend its money?
Chester Theatre Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chester Theatre Company Inc tax-deductible?
Chester Theatre Company Inc is registered as a tax-exempt nonprofit (EIN: 223081088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chester Theatre Company Inc's spending goes to programs?
Chester Theatre Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chester Theatre Company Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chester Theatre Company Inc is above average for NTEE category A20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chester Theatre Company Inc located?
Chester Theatre Company Inc is headquartered in Chester, Massachusetts and files with the IRS under EIN 223081088. It is classified under NTEE code A20Z.
How many years of IRS 990 filings does Chester Theatre Company Inc have?
Chester Theatre Company Inc has 14 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 $737K in total revenue.
What does Chester Theatre Company Inc do?
Chester Theatre Company Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Chester, Massachusetts. It is classified under NTEE code A20Z.
How much revenue does Chester Theatre Company Inc have?
Chester Theatre Company Inc reported total revenue of $736,797. Based on 14 IRS 990 filings on record.
What are Chester Theatre Company Inc's total assets?
Chester Theatre Company Inc holds total assets of $749,697 as reported in IRS 990 filings.
Where is Chester Theatre Company Inc located?
Chester Theatre Company Inc is based in Chester, Massachusetts.
What is Chester Theatre Company Inc's EIN?
Chester Theatre Company Inc's Employer Identification Number (EIN) is 223081088. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chester Theatre Company Inc?
Chester Theatre Company Inc is classified under NTEE code A20Z (Arts, Culture & Humanities).
Is Chester Theatre Company Inc a registered 501(c)(3)?
Yes, Chester Theatre Company Inc is recognized as a tax-exempt organization by the IRS. EIN: 223081088.
Does Chester Theatre Company Inc file IRS Form 990?
Yes, Chester Theatre Company Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Chester Theatre Company Inc's revenue in 2023?
In the 202312 filing period, Chester Theatre Company Inc reported total revenue of $751,484, total expenses of $741,533, and net assets of $847,432.
Is Chester Theatre Company Inc's revenue growing or declining?
Chester Theatre Company Inc's revenue is growing. Revenue went from $571,711 (202212) to $751,484 (202312), a +31.4% change. Based on 14 filings on record.
What is Chester Theatre Company Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Chester Theatre Company Inc covers tax period 202312. It shows revenue of $751,484, expenses of $741,533, total assets of $847,432, and liabilities of $57,277.
How much does Chester Theatre Company Inc spend on programs vs administration?
Based on IRS 990 analysis, Chester Theatre Company Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Chester Theatre Company Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Chester Theatre Company Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Chester Theatre Company Inc?
The following concerns were identified: Net assets have been declining over the past two years, from $912,607 in 2022 to $847,432 in 2023.. Liabilities have seen a substantial increase from $4,561 in 2021 to $57,277 in 2023, which could indicate growing financial strain.. The organization's revenue has fluctuated significantly, with a notable drop from $828,615 in 2019 to $267,040 in 2020, and then a recovery to $751,484 in 2023, suggesting potential instability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Chester Theatre Company Inc's strengths?
Positive indicators for Chester Theatre Company Inc include: The organization consistently allocates a high percentage of its expenses to programs, demonstrating a strong commitment to its mission.. Despite fluctuations, the organization has shown resilience in revenue generation, recovering from a low of $267,040 in 2020 to $751,484 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Chester Theatre Company Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold for Form 990, Part VII, Section A, Line 1a. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant increase in liabilities from $4,561 in 2021 to $57,277 in 2023?
The provided data does not specify the nature of these liabilities, but such a sharp increase warrants further investigation into the organization's financial obligations and potential debt.
Given the declining net assets and increasing liabilities, what strategies are in place to ensure the long-term financial sustainability of Chester Theatre Company?
While the data shows a strong program spending ratio, the trend in assets and liabilities suggests a need for a clear financial sustainability plan to address these challenges and maintain operational capacity.
Filing History
IRS 990 filing history for Chester Theatre Company Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Chester Theatre Company Inc's revenue has grown by 218.9%, moving from $236K to $751K. Total assets increased by 971.3% over the same period, from $79K to $847K. Total functional expenses rose by 212%, from $238K to $742K. In its most recent filing year (2023), Chester Theatre Company Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $57K in liabilities against $847K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $790K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $751K | $742K | $847K | $57K | — | — |
| 2022 | $572K | $641K | $913K | $135K | — | View 990 |
| 2021 | $757K | $422K | $852K | $5K | — | View 990 |
| 2020 | $267K | $250K | $555K | $42K | — | View 990 |
| 2019 | $829K | $706K | $623K | $93K | — | View 990 |
| 2018 | $823K | $506K | $650K | $243K | — | View 990 |
| 2017 | $364K | $298K | $253K | $162K | — | View 990 |
| 2016 | $335K | $300K | $251K | $226K | — | View 990 |
| 2015 | $298K | $263K | $282K | $293K | — | View 990 |
| 2014 | $251K | $261K | $279K | $324K | — | View 990 |
| 2013 | $279K | $264K | $251K | $286K | — | View 990 |
| 2012 | $253K | $254K | $231K | $281K | — | View 990 |
| 2011 | $356K | $249K | $180K | $229K | — | View 990 |
| 2010 | $236K | $238K | $79K | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $751K, expenses of $742K, and assets of $847K (revenue +31.4% year-over-year).
- 2022: Revenue of $572K, expenses of $641K, and assets of $913K (revenue -24.4% year-over-year).
- 2021: Revenue of $757K, expenses of $422K, and assets of $852K (revenue +183.3% year-over-year).
- 2020: Revenue of $267K, expenses of $250K, and assets of $555K (revenue -67.8% year-over-year).
- 2019: Revenue of $829K, expenses of $706K, and assets of $623K (revenue +0.7% year-over-year).
- 2018: Revenue of $823K, expenses of $506K, and assets of $650K (revenue +126.0% year-over-year).
- 2017: Revenue of $364K, expenses of $298K, and assets of $253K (revenue +8.6% year-over-year).
- 2016: Revenue of $335K, expenses of $300K, and assets of $251K (revenue +12.6% year-over-year).
- 2015: Revenue of $298K, expenses of $263K, and assets of $282K (revenue +18.6% year-over-year).
- 2014: Revenue of $251K, expenses of $261K, and assets of $279K (revenue -10.0% year-over-year).
- 2013: Revenue of $279K, expenses of $264K, and assets of $251K (revenue +10.3% year-over-year).
- 2012: Revenue of $253K, expenses of $254K, and assets of $231K (revenue -28.9% year-over-year).
- 2011: Revenue of $356K, expenses of $249K, and assets of $180K (revenue +50.9% year-over-year).
- 2010: Revenue of $236K, expenses of $238K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chester Theatre Company Inc:
Data Sources and Methodology
This transparency report for Chester Theatre Company 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.