Chicago Tap Theatre Nfp
Chicago Tap Theatre Nfp shows consistent growth and strong financial health with no reported officer compensation.
EIN: 10702908 · Chicago, IL · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $391K |
| Total Expenses | $267K |
| Program Spending | 90% |
| Net Assets | $165K |
| Transparency Score | 92/100 |
Is Chicago Tap Theatre Nfp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chicago Tap Theatre Nfp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chicago Tap Theatre Nfp
Chicago Tap Theatre Nfp (EIN: 10702908) is a nonprofit organization based in Chicago, IL, classified under NTEE code A65. The organization reported total revenue of $391K and total assets of $260K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Tap Theatre Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Tap Theatre Nfp is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $267K |
| Surplus / Deficit | +$17K |
| Total Assets | $168K |
| Total Liabilities | $3K |
| Net Assets | $165K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Chicago Tap Theatre Nfp reported a surplus of $17K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicago Tap Theatre Nfp's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | +7.9% | +11.2% |
| 2022 | +46.0% | +74.5% | +29.7% |
| 2021 | +26.3% | -3.7% | +60.5% |
| 2020 | -36.7% | -27.1% | +17.2% |
| 2019 | +21.5% | +6.7% | +155.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Chicago Tap Theatre Nfp with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Chicago Tap Theatre Nfp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Chicago Tap Theatre Nfp:
- Consistent revenue growth over a decade, from $114,142 in 2014 to $283,578 in 2023.
- Significant asset growth, from $5,783 in 2014 to $168,024 in 2023, indicating increasing financial capacity.
- No reported officer compensation across all 13 filings, suggesting a highly efficient and mission-focused use of funds.
- Very low liabilities, with $2,872 in 2023, indicating a healthy balance sheet and minimal debt.
- Positive net income in most recent years, contributing to asset accumulation (e.g., $16,599 surplus in 2023).
Frequently Asked Questions about Chicago Tap Theatre Nfp
Is Chicago Tap Theatre Nfp a legitimate charity?
Chicago Tap Theatre Nfp (EIN: 10702908) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $391K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Chicago Tap Theatre Nfp spend its money?
Chicago Tap Theatre Nfp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Chicago Tap Theatre Nfp tax-deductible?
Chicago Tap Theatre Nfp is registered as a tax-exempt nonprofit (EIN: 10702908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chicago Tap Theatre Nfp compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Chicago Tap Theatre Nfp is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chicago Tap Theatre Nfp located?
Chicago Tap Theatre Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 10702908. It is classified under NTEE code A65.
How many years of IRS 990 filings does Chicago Tap Theatre Nfp have?
Chicago Tap Theatre Nfp 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 $391K in total revenue.
Is Chicago Tap Theatre Nfp financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $114,142 in 2014 to $283,578 in 2023, and significant asset growth from $5,783 to $168,024 over the same period, while maintaining low liabilities.
How efficiently does Chicago Tap Theatre Nfp use its funds?
The organization appears highly efficient, with expenses closely aligned with revenue and no reported officer compensation, suggesting a very high percentage of funds are directed towards programs and operational needs rather than executive salaries.
What is the trend in the organization's assets?
Chicago Tap Theatre Nfp has shown a strong upward trend in assets, growing from $5,783 in 2014 to $168,024 in 2023, indicating successful accumulation of resources and increasing financial capacity.
Filing History
IRS 990 filing history for Chicago Tap Theatre Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicago Tap Theatre Nfp's revenue has grown by 233.9%, moving from $85K to $284K. Total assets increased by 1306.1% over the same period, from $12K to $168K. Total functional expenses rose by 258.3%, from $75K to $267K. In its most recent filing year (2023), Chicago Tap Theatre Nfp reported a surplus of $17K, with revenue exceeding expenses. The organization holds $3K in liabilities against $168K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $267K | $168K | $3K | — | — |
| 2022 | $280K | $248K | $151K | $3K | — | View 990 |
| 2021 | $192K | $142K | $116K | $191 | — | — |
| 2020 | $152K | $147K | $73K | $6K | — | — |
| 2019 | $240K | $202K | $62K | $0 | — | View 990 |
| 2018 | $197K | $189K | $24K | $0 | — | View 990 |
| 2017 | $180K | $170K | $16K | $158 | — | View 990 |
| 2016 | $153K | $152K | $7K | $0 | — | View 990 |
| 2015 | $135K | $134K | $6K | $0 | — | View 990 |
| 2014 | $114K | $128K | $6K | $0 | — | View 990 |
| 2013 | $111K | $110K | $19K | $0 | — | View 990 |
| 2012 | $99K | $93K | $18K | $0 | — | View 990 |
| 2011 | $85K | $75K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $267K, and assets of $168K (revenue +1.3% year-over-year).
- 2022: Revenue of $280K, expenses of $248K, and assets of $151K (revenue +46.0% year-over-year).
- 2021: Revenue of $192K, expenses of $142K, and assets of $116K (revenue +26.3% year-over-year).
- 2020: Revenue of $152K, expenses of $147K, and assets of $73K (revenue -36.7% year-over-year).
- 2019: Revenue of $240K, expenses of $202K, and assets of $62K (revenue +21.5% year-over-year).
- 2018: Revenue of $197K, expenses of $189K, and assets of $24K (revenue +9.7% year-over-year).
- 2017: Revenue of $180K, expenses of $170K, and assets of $16K (revenue +17.6% year-over-year).
- 2016: Revenue of $153K, expenses of $152K, and assets of $7K (revenue +13.3% year-over-year).
- 2015: Revenue of $135K, expenses of $134K, and assets of $6K (revenue +18.1% year-over-year).
- 2014: Revenue of $114K, expenses of $128K, and assets of $6K (revenue +2.7% year-over-year).
- 2013: Revenue of $111K, expenses of $110K, and assets of $19K (revenue +12.4% year-over-year).
- 2012: Revenue of $99K, expenses of $93K, and assets of $18K (revenue +16.4% year-over-year).
- 2011: Revenue of $85K, expenses of $75K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Tap Theatre Nfp:
Data Sources and Methodology
This transparency report for Chicago Tap Theatre Nfp 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.