Citadel Theatre Company
Citadel Theatre Company consistently reports 0% officer compensation while managing fluctuating revenues and frequent operational deficits.
EIN: 141857018 · Lake Forest, IL · NTEE: A65 · Updated: 2026-03-28
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Citadel Theatre Company is mapped to EIN 141857018.
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7 stored filing years available.
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85% program spend, health grade D
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| Metric | Value |
|---|---|
| Total Revenue | $784K |
| Total Expenses | $772K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $783,805. |
| Net Assets | $25K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Citadel Theatre Company Form 990, Revenue, CEO Pay, and IRS Filing Signals
Citadel Theatre Company is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Citadel Theatre Company in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $691K and expenses of $772K.
Revenue and Expenses
Citadel Theatre Company reported $691K in revenue and $772K in expenses, a deficit of $81K.
Executive Compensation
Top officer compensation appears as $783,805. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Citadel Theatre Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $656K (85%) |
Across stored filings, Citadel Theatre Company shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade D | 7 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Arts & Culture context |
Trust Check
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Request a concise report for Citadel Theatre Company with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Citadel Theatre Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Citadel Theatre Company
Citadel Theatre Company (EIN: 141857018) is a nonprofit organization based in Lake Forest, IL, classified under NTEE code A65. The organization reported total revenue of $784K and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Citadel Theatre Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Citadel Theatre Company is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $691K |
| Total Expenses | $772K |
| Surplus / Deficit | $-81,314 |
| Total Assets | $116K |
| Total Liabilities | $91K |
| Net Assets | $25K |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 78.6% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Citadel Theatre Company reported a deficit of $81K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 78.6% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Citadel Theatre Company's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | -0.1% | -31.5% |
| 2022 | +188.7% | +369.8% | -11.1% |
| 2021 | -22.6% | -66.6% | +310.6% |
| 2020 | -45.3% | -5.4% | -79.4% |
| 2019 | +55.7% | +11.9% | +117.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Citadel Theatre Company with a Mission Score of 85 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, Citadel Theatre Company 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 deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.6%.
Executive Compensation Analysis
Citadel Theatre Company consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with latest revenue of $783,805.
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 Citadel Theatre Company's IRS 990 filings:
- Frequent operational deficits (e.g., 202308, 202208, 202008, 201808, 201708)
- Significant revenue volatility over the past few years (e.g., $267,123 in 202108 vs. $771,299 in 202208)
Strengths
The following positive indicators were identified for Citadel Theatre Company:
- Consistent reporting of 0% officer compensation across all filings
- Demonstrated ability to recover and grow assets despite revenue fluctuations (e.g., assets grew from $46,284 in 202008 to $115,732 in 202308)
- Strong program focus implied by the nature of a theatre company and efficient use of funds due to low overhead
Frequently Asked Questions about Citadel Theatre Company
Is Citadel Theatre Company a legitimate charity?
Citadel Theatre Company (EIN: 141857018) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $784K. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Citadel Theatre Company spend its money?
Citadel Theatre Company directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Citadel Theatre Company tax-deductible?
Citadel Theatre Company is registered as a tax-exempt nonprofit (EIN: 141857018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Citadel Theatre Company CEO make?
Citadel Theatre Company's highest-compensated officer earns $783,805. annually. The organization reported $784K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Citadel Theatre Company's spending goes to programs?
Citadel Theatre Company directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Citadel Theatre Company compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Citadel Theatre Company 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 Citadel Theatre Company located?
Citadel Theatre Company is headquartered in Lake Forest, Illinois and files with the IRS under EIN 141857018. It is classified under NTEE code A65.
How many years of IRS 990 filings does Citadel Theatre Company have?
Citadel Theatre Company has 7 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 $784K in total revenue.
Is Citadel Theatre Company financially sustainable given its frequent operational deficits?
While Citadel Theatre Company has frequently reported expenses exceeding revenue (e.g., $772,262 expenses vs. $690,948 revenue in 202308), it has also demonstrated an ability to maintain and grow its asset base, suggesting other funding sources or careful financial management are at play. However, consistent deficits could pose a long-term risk if not addressed.
How does Citadel Theatre Company manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or compensated through roles not classified as 'officer compensation' on the IRS Form 990. This is a strong indicator of dedication to the mission and efficient use of funds.
What caused the significant revenue drop in 202108?
Revenue dropped significantly from $345,255 in 202008 to $267,123 in 202108. This period aligns with the ongoing impacts of the COVID-19 pandemic, which severely affected the performing arts sector, likely leading to reduced ticket sales, donations, and grant opportunities.
Filing History
IRS 990 filing history for Citadel Theatre Company showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Citadel Theatre Company's revenue has grown by 51.5%, moving from $456K to $691K. Total assets decreased by 27.4% over the same period, from $159K to $116K. Total functional expenses rose by 62.8%, from $474K to $772K. In its most recent filing year (2023), Citadel Theatre Company reported a deficit of $81K, with expenses exceeding revenue. The organization holds $91K in liabilities against $116K in assets (debt-to-asset ratio: 78.6%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $691K | $772K | $116K | $91K | — | View 990 |
| 2022 | $771K | $773K | $169K | $63K | — | View 990 |
| 2021 | $267K | $164K | $190K | $77K | — | View 990 |
| 2020 | $345K | $492K | $46K | $36K | — | View 990 |
| 2019 | $631K | $520K | $224K | $67K | — | View 990 |
| 2018 | $405K | $465K | $103K | $57K | — | View 990 |
| 2017 | $456K | $474K | $159K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $691K, expenses of $772K, and assets of $116K (revenue -10.4% year-over-year).
- 2022: Revenue of $771K, expenses of $773K, and assets of $169K (revenue +188.7% year-over-year).
- 2021: Revenue of $267K, expenses of $164K, and assets of $190K (revenue -22.6% year-over-year).
- 2020: Revenue of $345K, expenses of $492K, and assets of $46K (revenue -45.3% year-over-year).
- 2019: Revenue of $631K, expenses of $520K, and assets of $224K (revenue +55.7% year-over-year).
- 2018: Revenue of $405K, expenses of $465K, and assets of $103K (revenue -11.1% year-over-year).
- 2017: Revenue of $456K, expenses of $474K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Citadel Theatre Company:
Data Sources and Methodology
This transparency report for Citadel Theatre Company 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.