Circle In The Square Theatre School Inc
Circle In The Square Theatre School Inc maintains stable finances with zero reported executive compensation.
EIN: 133716314 · New York, NY · NTEE: A6E0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Circle In The Square Theatre School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Circle In The Square Theatre School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Circle In The Square Theatre School Inc
Circle In The Square Theatre School Inc (EIN: 133716314) is a nonprofit organization based in New York, NY, classified under NTEE code A6E0. The organization reported total revenue of $1.7M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Circle In The Square Theatre School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Circle In The Square Theatre School Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$185K |
| Total Assets | $3.8M |
| Total Liabilities | $1.1M |
| Net Assets | $2.8M |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 27.8% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, Circle In The Square Theatre School Inc reported a surplus of $185K with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 27.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Circle In The Square Theatre School Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.2% | +20.5% | +26.3% |
| 2022 | -38.0% | +41.1% | -18.0% |
| 2021 | +22.4% | -23.9% | +30.3% |
| 2020 | -24.2% | -24.8% | +1.9% |
| 2019 | -6.0% | +1.6% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Circle In The Square Theatre School 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Circle In The Square Theatre School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $185K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization of this size and suggests a strong volunteer leadership model or alternative compensation structures not reported as officer compensation.
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 Circle In The Square Theatre School Inc's IRS 990 filings:
- Increase in liabilities to over $1 million in 2023, which warrants monitoring.
Strengths
The following positive indicators were identified for Circle In The Square Theatre School Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong rebound in revenue in 2023 to $1,991,699 after a dip in 2022.
- Consistent growth in assets over the past decade, reaching $3,811,705 in 2023.
- Expenses closely track revenue, suggesting prudent financial management and avoiding significant deficits.
Frequently Asked Questions about Circle In The Square Theatre School Inc
Is Circle In The Square Theatre School Inc a legitimate charity?
Circle In The Square Theatre School Inc (EIN: 133716314) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Circle In The Square Theatre School Inc spend its money?
Circle In The Square Theatre School Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Circle In The Square Theatre School Inc tax-deductible?
Circle In The Square Theatre School Inc is registered as a tax-exempt nonprofit (EIN: 133716314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Circle In The Square Theatre School Inc's spending goes to programs?
Circle In The Square Theatre School Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Circle In The Square Theatre School Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Circle In The Square Theatre School Inc is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Circle In The Square Theatre School Inc located?
Circle In The Square Theatre School Inc is headquartered in New York, New York and files with the IRS under EIN 133716314. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Circle In The Square Theatre School Inc have?
Circle In The Square Theatre School 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 $1.7M in total revenue.
Is Circle In The Square Theatre School Inc a good charity?
Based on the available financial data, Circle In The Square Theatre School Inc appears to be a well-managed organization with a strong commitment to its mission. The consistent reporting of zero officer compensation is a significant positive, suggesting that resources are primarily directed towards its programs. Its financial stability, with growing assets and revenue rebounding in 2023, further supports its effectiveness.
How has the organization's revenue trended over time?
Revenue has shown fluctuations but generally remained robust. It was $1,831,636 in 2019, dipped to $1,052,836 in 2022, but then significantly rebounded to $1,991,699 in 2023, indicating resilience and recovery post-pandemic.
What is the organization's asset growth like?
The organization's assets have shown consistent growth over the past decade, increasing from $2,641,993 in 2014 to $3,811,705 in 2023, demonstrating financial stability and capacity building.
Filing History
IRS 990 filing history for Circle In The Square Theatre School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Circle In The Square Theatre School Inc's revenue has grown by 19.2%, moving from $1.7M to $2.0M. Total assets increased by 51.2% over the same period, from $2.5M to $3.8M. Total functional expenses rose by 24.6%, from $1.4M to $1.8M. In its most recent filing year (2023), Circle In The Square Theatre School Inc reported a surplus of $185K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $3.8M in assets (debt-to-asset ratio: 27.8%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.8M | $3.8M | $1.1M | — | — |
| 2022 | $1.1M | $1.5M | $3.0M | $454K | — | — |
| 2021 | $1.7M | $1.1M | $3.7M | $399K | — | View 990 |
| 2020 | $1.4M | $1.4M | $2.8M | $288K | — | View 990 |
| 2019 | $1.8M | $1.9M | $2.8M | $153K | — | View 990 |
| 2018 | $1.9M | $1.8M | $2.9M | $273K | — | View 990 |
| 2017 | $1.7M | $1.7M | $2.9M | $322K | — | View 990 |
| 2016 | $1.7M | $1.6M | $2.8M | $318K | — | View 990 |
| 2015 | $1.8M | $1.7M | $2.6M | $237K | — | View 990 |
| 2014 | $1.6M | $1.6M | $2.6M | $336K | — | View 990 |
| 2013 | $1.5M | $1.7M | $2.7M | $304K | — | View 990 |
| 2012 | $2.2M | $1.8M | $2.9M | $280K | — | View 990 |
| 2011 | $1.7M | $1.4M | $2.5M | $364K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $3.8M (revenue +89.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.5M, and assets of $3.0M (revenue -38.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.1M, and assets of $3.7M (revenue +22.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $2.8M (revenue -24.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $2.8M (revenue -6.0% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $2.9M (revenue +15.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $2.9M (revenue -1.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $2.8M (revenue -2.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $2.6M (revenue +12.0% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $2.6M (revenue +7.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.7M, and assets of $2.7M (revenue -32.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $2.9M (revenue +31.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.4M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Circle In The Square Theatre School Inc:
Data Sources and Methodology
This transparency report for Circle In The Square Theatre School 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.