Coastal Youth Ballet Theatre
Coastal Youth Ballet Theatre shows revenue growth and no officer compensation, but 2023 liabilities surged to $143,000.
EIN: 205475724 · Myrtle Beach, SC · NTEE: A63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $170K |
| Program Spending | 80% |
| Net Assets | $89K |
| Transparency Score | 75/100 |
Is Coastal Youth Ballet Theatre Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coastal Youth Ballet Theatre directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coastal Youth Ballet Theatre
Coastal Youth Ballet Theatre (EIN: 205475724) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code A63. The organization reported total revenue of $185K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Youth Ballet Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Youth Ballet Theatre is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $170K |
| Surplus / Deficit | +$21K |
| Total Assets | $89K |
| Total Liabilities | $143 |
| Net Assets | $89K |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, Coastal Youth Ballet Theatre reported a surplus of $21K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Coastal Youth Ballet Theatre's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +40.5% | +28.0% |
| 2022 | +89.7% | +33.8% | +416.3% |
| 2020 | -23.5% | -16.7% | -29.1% |
| 2019 | +65.5% | +15.8% | +31.8% |
| 2018 | -44.4% | -31.5% | -64.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Coastal Youth Ballet Theatre with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Coastal Youth Ballet Theatre allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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: 0.2%.
Executive Compensation Analysis
Coastal Youth Ballet Theatre consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a positive sign for a small nonprofit, suggesting resources are directed entirely to programs and operations rather than executive salaries.
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 Coastal Youth Ballet Theatre's IRS 990 filings:
- Significant increase in liabilities to $143,000 in 2023, exceeding total assets of $89,482.
- Lack of detailed information regarding the nature of the large 2023 liabilities in the provided summary.
Strengths
The following positive indicators were identified for Coastal Youth Ballet Theatre:
- Consistent revenue growth in recent years (e.g., $162,759 in 2022 to $191,197 in 2023).
- Positive net income in 2022 and 2023, indicating expenses are less than revenue.
- Zero officer compensation reported across all filings, demonstrating a commitment to mission-focused spending.
- Growing asset base from $13,543 in 2020 to $89,482 in 2023.
Frequently Asked Questions about Coastal Youth Ballet Theatre
Is Coastal Youth Ballet Theatre a legitimate charity?
Coastal Youth Ballet Theatre (EIN: 205475724) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $185K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Coastal Youth Ballet Theatre spend its money?
Coastal Youth Ballet Theatre directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Coastal Youth Ballet Theatre tax-deductible?
Coastal Youth Ballet Theatre is registered as a tax-exempt nonprofit (EIN: 205475724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coastal Youth Ballet Theatre's spending goes to programs?
Coastal Youth Ballet Theatre directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coastal Youth Ballet Theatre compare to similar nonprofits?
With a transparency score of 75/100 (Good), Coastal Youth Ballet Theatre is above average for NTEE category A63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coastal Youth Ballet Theatre located?
Coastal Youth Ballet Theatre is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 205475724. It is classified under NTEE code A63.
How many years of IRS 990 filings does Coastal Youth Ballet Theatre have?
Coastal Youth Ballet Theatre 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 $185K in total revenue.
What caused the significant increase in liabilities to $143,000 in 2023?
The IRS 990 filing for 2023 shows a sharp rise in liabilities from $1,765 in 2022 to $143,000. Without further detail from the filing's Schedule D or other statements, the specific nature of these liabilities (e.g., long-term debt, deferred revenue, or accounts payable) is unclear and requires further investigation.
Is Coastal Youth Ballet Theatre financially stable given the recent liability increase?
While the organization has shown revenue growth and positive net income in recent years, the substantial increase in liabilities to $143,000 in 2023, exceeding its assets of $89,482, raises questions about its short-term liquidity and long-term financial stability. A deeper understanding of these liabilities is crucial to assess stability.
How does Coastal Youth Ballet Theatre manage its administrative and fundraising costs?
Given the organization's small size and consistent 0% officer compensation, it's likely that administrative and fundraising efforts are managed efficiently, possibly through volunteer efforts or minimal paid staff. The estimated spending breakdown suggests a healthy proportion dedicated to programs.
Filing History
IRS 990 filing history for Coastal Youth Ballet Theatre showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Coastal Youth Ballet Theatre's revenue has grown by 801%, moving from $21K to $191K. Total assets increased by 304.5% over the same period, from $22K to $89K. Total functional expenses rose by 829.7%, from $18K to $170K. In its most recent filing year (2023), Coastal Youth Ballet Theatre reported a surplus of $21K, with revenue exceeding expenses. The organization holds $143 in liabilities against $89K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $170K | $89K | $143 | — | — |
| 2022 | $163K | $121K | $70K | $2K | — | View 990 |
| 2020 | $86K | $90K | $14K | $0 | — | View 990 |
| 2019 | $112K | $108K | $19K | $960 | — | View 990 |
| 2018 | $68K | $94K | $14K | $98 | — | View 990 |
| 2017 | $122K | $137K | $40K | $0 | — | View 990 |
| 2016 | $151K | $146K | $55K | $0 | — | View 990 |
| 2015 | $173K | $137K | $49K | $0 | — | View 990 |
| 2014 | $71K | $78K | $15K | $4K | — | View 990 |
| 2013 | $59K | $62K | $23K | $5K | — | View 990 |
| 2012 | $9K | $56K | $24K | $48K | — | View 990 |
| 2011 | $21K | $18K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $170K, and assets of $89K (revenue +17.5% year-over-year).
- 2022: Revenue of $163K, expenses of $121K, and assets of $70K (revenue +89.7% year-over-year).
- 2020: Revenue of $86K, expenses of $90K, and assets of $14K (revenue -23.5% year-over-year).
- 2019: Revenue of $112K, expenses of $108K, and assets of $19K (revenue +65.5% year-over-year).
- 2018: Revenue of $68K, expenses of $94K, and assets of $14K (revenue -44.4% year-over-year).
- 2017: Revenue of $122K, expenses of $137K, and assets of $40K (revenue -19.5% year-over-year).
- 2016: Revenue of $151K, expenses of $146K, and assets of $55K (revenue -12.4% year-over-year).
- 2015: Revenue of $173K, expenses of $137K, and assets of $49K (revenue +142.6% year-over-year).
- 2014: Revenue of $71K, expenses of $78K, and assets of $15K (revenue +21.3% year-over-year).
- 2013: Revenue of $59K, expenses of $62K, and assets of $23K (revenue +540.8% year-over-year).
- 2012: Revenue of $9K, expenses of $56K, and assets of $24K (revenue -56.8% year-over-year).
- 2011: Revenue of $21K, expenses of $18K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Youth Ballet Theatre:
Data Sources and Methodology
This transparency report for Coastal Youth Ballet Theatre 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.