City Center Of Music And Drama Inc
City Center Of Music And Drama Inc faces significant financial challenges with consistent operating deficits and declining assets.
EIN: 131813808 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $81.3M |
| Transparency Score | 45/100 |
Is City Center Of Music And Drama Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City Center Of Music And Drama Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City Center Of Music And Drama Inc
City Center Of Music And Drama Inc (EIN: 131813808) is a nonprofit organization based in New York, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Center Of Music And Drama Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Center Of Music And Drama Inc is a large nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $16.3M |
| Surplus / Deficit | $-4,960,160 |
| Total Assets | $89.3M |
| Total Liabilities | $8.0M |
| Net Assets | $81.3M |
| Operating Margin | -43.6% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 65.7 months |
Financial Health Grade: B
In 2017, City Center Of Music And Drama Inc reported a deficit of $5.0M with expenses exceeding revenue, holds 65.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2017), City Center Of Music And Drama Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -21.4% | -11.8% | -3.8% |
| 2016 | -8.2% | -9.8% | -12.6% |
| 2015 | -0.1% | +0.8% | -11.9% |
| 2014 | +23.8% | +3.4% | -9.5% |
| 2013 | +39.2% | +40.6% | -10.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates City Center Of Music And Drama Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, City Center Of Music And Drama Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
The filings consistently report 0% officer compensation, which is unusual for an organization of this size with historical revenues exceeding $10 million. This could indicate compensation is handled through a related entity or that leadership is entirely volunteer-based, requiring further investigation for full transparency.
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 City Center Of Music And Drama Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $4.96M in 2017)
- Substantial decline in total assets over time (from $161.65M in 2011 to $89.34M in 2017)
- Latest filing shows $0 revenue and assets, indicating potential operational issues or cessation
- Unexplained 0% officer compensation despite significant historical revenue and expenses
Strengths
The following positive indicators were identified for City Center Of Music And Drama Inc:
- Reduction in liabilities over time (from $51.77M in 2011 to $8.00M in 2017)
Frequently Asked Questions about City Center Of Music And Drama Inc
Is City Center Of Music And Drama Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, City Center Of Music And Drama Inc (EIN: 131813808) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does City Center Of Music And Drama Inc spend its money?
City Center Of Music And Drama Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City Center Of Music And Drama Inc tax-deductible?
City Center Of Music And Drama Inc is registered as a tax-exempt nonprofit (EIN: 131813808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the City Center Of Music And Drama Inc CEO make?
City Center Of Music And Drama Inc's highest-compensated officer earns $10 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of City Center Of Music And Drama Inc's spending goes to programs?
City Center Of Music And Drama Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is City Center Of Music And Drama Inc located?
City Center Of Music And Drama Inc is headquartered in New York, New York and files with the IRS under EIN 131813808.
How many years of IRS 990 filings does City Center Of Music And Drama Inc have?
City Center Of Music And Drama Inc 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.
Why has the organization consistently reported operating deficits?
The organization has consistently spent more than its revenue, with expenses exceeding revenue by millions each year (e.g., $4.96 million deficit in 2017, $4.06 million in 2016). This trend has led to a significant reduction in assets.
What is the reason for the drastic decline in assets from $161.65 million in 2011 to $89.34 million in 2017?
The decline in assets is primarily due to the consistent operating deficits, where the organization has used its existing assets to cover expenses that exceed its revenue.
Why is officer compensation consistently reported as 0%?
The filings do not provide a reason for the 0% officer compensation. It could be that compensation is paid by a related entity, or that officers are uncompensated volunteers, which would require further clarification.
What is the current operational status given the latest reported $0 revenue and assets?
The latest reported $0 revenue and assets are highly concerning and suggest a potential cessation of operations or a significant change in the organization's structure or reporting. More recent filings or public statements would be needed to confirm its current status.
Filing History
IRS 990 filing history for City Center Of Music And Drama Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), City Center Of Music And Drama Inc's revenue has grown by 43.4%, moving from $7.9M to $11.4M. Total assets decreased by 44.7% over the same period, from $161.7M to $89.3M. Total functional expenses rose by 15.7%, from $14.1M to $16.3M. In its most recent filing year (2017), City Center Of Music And Drama Inc reported a deficit of $5.0M, with expenses exceeding revenue. The organization holds $8.0M in liabilities against $89.3M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $81.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $11.4M | $16.3M | $89.3M | $8.0M | — | View 990 |
| 2016 | $14.5M | $18.5M | $92.8M | $8.2M | — | — |
| 2015 | $15.7M | $20.5M | $106.2M | $17.5M | — | View 990 |
| 2014 | $15.8M | $20.3M | $120.6M | $27.1M | — | View 990 |
| 2013 | $12.7M | $19.7M | $133.3M | $35.2M | — | View 990 |
| 2012 | $9.1M | $14.0M | $148.3M | $43.3M | — | View 990 |
| 2011 | $7.9M | $14.1M | $161.7M | $51.8M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $11.4M, expenses of $16.3M, and assets of $89.3M (revenue -21.4% year-over-year).
- 2016: Revenue of $14.5M, expenses of $18.5M, and assets of $92.8M (revenue -8.2% year-over-year).
- 2015: Revenue of $15.7M, expenses of $20.5M, and assets of $106.2M (revenue -0.1% year-over-year).
- 2014: Revenue of $15.8M, expenses of $20.3M, and assets of $120.6M (revenue +23.8% year-over-year).
- 2013: Revenue of $12.7M, expenses of $19.7M, and assets of $133.3M (revenue +39.2% year-over-year).
- 2012: Revenue of $9.1M, expenses of $14.0M, and assets of $148.3M (revenue +15.3% year-over-year).
- 2011: Revenue of $7.9M, expenses of $14.1M, and assets of $161.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Center Of Music And Drama Inc:
Data Sources and Methodology
This transparency report for City Center Of Music And Drama 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.