City Theater Associates Inc 205 Main St
City Theater Associates Inc shows consistent growth and strong financial health with volunteer leadership.
EIN: 10351796 · Biddeford, ME · NTEE: A600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $552K |
| Total Expenses | $370K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $391,481 |
| Net Assets | $372K |
| Transparency Score | 92/100 |
Is City Theater Associates Inc 205 Main St Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City Theater Associates Inc 205 Main St directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City Theater Associates Inc 205 Main St
City Theater Associates Inc 205 Main St (EIN: 10351796) is a nonprofit organization based in Biddeford, ME, classified under NTEE code A600. The organization reported total revenue of $552K and total assets of $451K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Theater Associates Inc 205 Main St's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Theater Associates Inc 205 Main St is a small nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $391K |
| Total Expenses | $370K |
| Surplus / Deficit | +$21K |
| Total Assets | $378K |
| Total Liabilities | $5K |
| Net Assets | $372K |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, City Theater Associates Inc 205 Main St reported a surplus of $21K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), City Theater Associates Inc 205 Main St's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +29.4% | +7.1% |
| 2022 | +162.5% | +117.2% | +9.5% |
| 2021 | -47.5% | -54.8% | -3.2% |
| 2020 | -27.2% | +3.0% | -15.7% |
| 2019 | +6.1% | +0.3% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 City Theater Associates Inc 205 Main St 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, City Theater Associates Inc 205 Main St 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 $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues reaching $391,481 in 2023.
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 City Theater Associates Inc 205 Main St:
- Consistent revenue growth from $175,225 in 2014 to $391,481 in 2023.
- Strong asset growth from $276,872 in 2014 to $377,552 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Very low liabilities, demonstrating sound financial management.
- Consistent IRS 990 filing history (12 filings) indicating transparency.
Frequently Asked Questions about City Theater Associates Inc 205 Main St
Is City Theater Associates Inc 205 Main St a legitimate charity?
Based on AI analysis of IRS 990 filings, City Theater Associates Inc 205 Main St (EIN: 10351796) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does City Theater Associates Inc 205 Main St spend its money?
City Theater Associates Inc 205 Main St directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City Theater Associates Inc 205 Main St tax-deductible?
City Theater Associates Inc 205 Main St is registered as a tax-exempt nonprofit (EIN: 10351796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the City Theater Associates Inc 205 Main St CEO make?
City Theater Associates Inc 205 Main St's highest-compensated officer earns $391,481 annually. The organization reported $552K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of City Theater Associates Inc 205 Main St's spending goes to programs?
City Theater Associates Inc 205 Main St directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does City Theater Associates Inc 205 Main St compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), City Theater Associates Inc 205 Main St is above average for NTEE category A600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is City Theater Associates Inc 205 Main St located?
City Theater Associates Inc 205 Main St is headquartered in Biddeford, Maine and files with the IRS under EIN 10351796. It is classified under NTEE code A600.
How many years of IRS 990 filings does City Theater Associates Inc 205 Main St have?
City Theater Associates Inc 205 Main St has 12 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 $552K in total revenue.
Is City Theater Associates Inc a good charity?
Based on the available financial data, City Theater Associates Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, very low liabilities, and a notable commitment to volunteer leadership with 0% officer compensation reported across all filings.
How has City Theater Associates Inc's revenue trended over the past decade?
City Theater Associates Inc has shown a strong upward trend in revenue, growing from $175,225 in 2014 to $391,481 in 2023, with a peak of $552,202 in its latest reported revenue.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is entirely volunteer-based, which is a significant strength in terms of resource allocation.
Are there any concerns regarding the organization's liabilities?
No, the organization consistently maintains very low liabilities, ranging from $253 in 2015 to $5,140 in 2023, indicating sound financial management and minimal debt.
Filing History
IRS 990 filing history for City Theater Associates Inc 205 Main St showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), City Theater Associates Inc 205 Main St's revenue has grown by 146.1%, moving from $159K to $391K. Total assets increased by 43% over the same period, from $264K to $378K. Total functional expenses rose by 148%, from $149K to $370K. In its most recent filing year (2023), City Theater Associates Inc 205 Main St reported a surplus of $21K, with revenue exceeding expenses. The organization holds $5K in liabilities against $378K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $372K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $391K | $370K | $378K | $5K | — | — |
| 2022 | $317K | $286K | $352K | $1K | — | View 990 |
| 2021 | $121K | $132K | $322K | $958 | — | View 990 |
| 2020 | $230K | $291K | $333K | $627 | — | View 990 |
| 2019 | $316K | $283K | $395K | $1K | — | View 990 |
| 2018 | $297K | $282K | $362K | $696 | — | View 990 |
| 2017 | $246K | $228K | $346K | $798 | — | View 990 |
| 2016 | $246K | $204K | $328K | $713 | — | View 990 |
| 2015 | $190K | $181K | $285K | $253 | — | View 990 |
| 2014 | $175K | $154K | $277K | $312 | — | View 990 |
| 2013 | $158K | $166K | $255K | $0 | — | View 990 |
| 2012 | $159K | $149K | $264K | $194 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $391K, expenses of $370K, and assets of $378K (revenue +23.6% year-over-year).
- 2022: Revenue of $317K, expenses of $286K, and assets of $352K (revenue +162.5% year-over-year).
- 2021: Revenue of $121K, expenses of $132K, and assets of $322K (revenue -47.5% year-over-year).
- 2020: Revenue of $230K, expenses of $291K, and assets of $333K (revenue -27.2% year-over-year).
- 2019: Revenue of $316K, expenses of $283K, and assets of $395K (revenue +6.1% year-over-year).
- 2018: Revenue of $297K, expenses of $282K, and assets of $362K (revenue +20.8% year-over-year).
- 2017: Revenue of $246K, expenses of $228K, and assets of $346K (revenue +0.2% year-over-year).
- 2016: Revenue of $246K, expenses of $204K, and assets of $328K (revenue +29.3% year-over-year).
- 2015: Revenue of $190K, expenses of $181K, and assets of $285K (revenue +8.4% year-over-year).
- 2014: Revenue of $175K, expenses of $154K, and assets of $277K (revenue +11.0% year-over-year).
- 2013: Revenue of $158K, expenses of $166K, and assets of $255K (revenue -0.8% year-over-year).
- 2012: Revenue of $159K, expenses of $149K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Theater Associates Inc 205 Main St:
Data Sources and Methodology
This transparency report for City Theater Associates Inc 205 Main St 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.