Clear Space Theatre Company
Clear Space Theatre Company shows consistent revenue and asset growth with no reported officer compensation.
EIN: 201712916 · Rehoboth Bch, DE · NTEE: A65 · Updated: 2026-03-28
Is Clear Space Theatre Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clear Space Theatre Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clear Space Theatre Company
Clear Space Theatre Company (EIN: 201712916) is a nonprofit organization based in Rehoboth Bch, DE, classified under NTEE code A65. The organization reported total revenue of $1.6M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clear Space Theatre Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clear Space Theatre Company is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$309K |
| Total Assets | $2.2M |
| Total Liabilities | $618K |
| Net Assets | $1.6M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 27.7% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, Clear Space Theatre Company reported a surplus of $309K with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Clear Space Theatre Company's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.9% | +16.9% | +61.1% |
| 2022 | -62.5% | +15.6% | -62.9% |
| 2021 | +101.8% | +16.1% | +22.2% |
| 2020 | -35.2% | -19.5% | +10.3% |
| 2019 | +46.7% | +9.5% | +1339.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Clear Space Theatre Company 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Clear Space 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 surplus of $309K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.7%.
Executive Compensation Analysis
Clear Space Theatre Company consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is covered by other means not reported as officer compensation. This suggests a highly volunteer-driven leadership or a strong commitment to directing all funds towards program delivery.
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 Clear Space Theatre Company's IRS 990 filings:
- Significant fluctuation in liabilities, peaking at $2,389,300 in 2020 and $2,122,221 in 2021, which could indicate large projects or debt management challenges, though they have since decreased to $617,765 in 2023.
Strengths
The following positive indicators were identified for Clear Space Theatre Company:
- Consistent revenue generation, with 2023 revenue at $1,554,334.
- Strong asset growth, reaching $2,233,312 in 2023 from $15,008 in 2014.
- 0% reported officer compensation across all filings, indicating high efficiency and transparency.
- Positive net income in most recent periods, such as a surplus of over $300,000 in 2023 ($1,554,334 revenue vs. $1,245,585 expenses).
Frequently Asked Questions about Clear Space Theatre Company
Is Clear Space Theatre Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Clear Space Theatre Company (EIN: 201712916) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Clear Space Theatre Company spend its money?
Clear Space Theatre Company directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clear Space Theatre Company tax-deductible?
Clear Space Theatre Company is registered as a tax-exempt nonprofit (EIN: 201712916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Clear Space Theatre Company a good charity?
Based on its financial data, Clear Space Theatre Company appears to be a good charity. It consistently generates revenue, has growing assets, and notably reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Clear Space Theatre Company's financial health changed over time?
The organization has shown significant growth in revenue and assets over the past decade. For example, revenue grew from $709,083 in 2014 to $1,554,334 in 2023, and assets increased from $15,008 to $2,233,312 in the same period, indicating substantial financial strengthening.
What is the organization's approach to executive compensation?
Clear Space Theatre Company consistently reports 0% officer compensation in all available IRS 990 filings, which is a strong indicator of either a volunteer-led executive team or that executive compensation is covered through other non-officer roles, demonstrating a high level of financial prudence and dedication to its mission.
Filing History
IRS 990 filing history for Clear Space Theatre Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clear Space Theatre Company's revenue has grown by 74.8%, moving from $889K to $1.6M. Total assets increased by 347226.9% over the same period, from $643 to $2.2M. Total functional expenses rose by 40.4%, from $887K to $1.2M. In its most recent filing year (2023), Clear Space Theatre Company reported a surplus of $309K, with revenue exceeding expenses. The organization holds $618K in liabilities against $2.2M in assets (debt-to-asset ratio: 27.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.2M | $2.2M | $618K | — | — |
| 2022 | $700K | $1.1M | $1.4M | $135K | — | View 990 |
| 2021 | $1.9M | $922K | $3.7M | $2.1M | — | View 990 |
| 2020 | $926K | $794K | $3.1M | $2.4M | — | — |
| 2019 | $1.4M | $986K | $2.8M | $2.2M | — | View 990 |
| 2018 | $974K | $901K | $193K | $97K | — | View 990 |
| 2017 | $950K | $950K | $75K | $86K | — | View 990 |
| 2016 | $841K | $823K | $46K | $57K | — | View 990 |
| 2015 | $692K | $679K | $24K | $53K | — | View 990 |
| 2014 | $709K | $755K | $15K | $57K | — | View 990 |
| 2013 | $765K | $686K | $43K | $38K | — | View 990 |
| 2012 | $833K | $726K | $31K | $106K | — | View 990 |
| 2011 | $889K | $887K | $643 | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.2M, and assets of $2.2M (revenue +121.9% year-over-year).
- 2022: Revenue of $700K, expenses of $1.1M, and assets of $1.4M (revenue -62.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $922K, and assets of $3.7M (revenue +101.8% year-over-year).
- 2020: Revenue of $926K, expenses of $794K, and assets of $3.1M (revenue -35.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $986K, and assets of $2.8M (revenue +46.7% year-over-year).
- 2018: Revenue of $974K, expenses of $901K, and assets of $193K (revenue +2.5% year-over-year).
- 2017: Revenue of $950K, expenses of $950K, and assets of $75K (revenue +13.0% year-over-year).
- 2016: Revenue of $841K, expenses of $823K, and assets of $46K (revenue +21.5% year-over-year).
- 2015: Revenue of $692K, expenses of $679K, and assets of $24K (revenue -2.4% year-over-year).
- 2014: Revenue of $709K, expenses of $755K, and assets of $15K (revenue -7.3% year-over-year).
- 2013: Revenue of $765K, expenses of $686K, and assets of $43K (revenue -8.2% year-over-year).
- 2012: Revenue of $833K, expenses of $726K, and assets of $31K (revenue -6.3% year-over-year).
- 2011: Revenue of $889K, expenses of $887K, and assets of $643.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clear Space Theatre Company:
Data Sources and Methodology
This transparency report for Clear Space 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.