Colonial Theatre Group Inc
Colonial Theatre Group Inc faces operating deficits in recent years despite significant asset growth and no reported officer compensation.
EIN: 20466087 · Keene, NH · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2,618,130 |
| Net Assets | $11.6M |
| Transparency Score | 80/100 |
Is Colonial Theatre Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colonial Theatre Group Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colonial Theatre Group Inc
Colonial Theatre Group Inc (EIN: 20466087) is a nonprofit organization based in Keene, NH, classified under NTEE code A610. The organization reported total revenue of $2.6M and total assets of $14.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colonial Theatre Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colonial Theatre Group Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-610,830 |
| Total Assets | $14.1M |
| Total Liabilities | $2.5M |
| Net Assets | $11.6M |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 58.5 months |
Financial Health Grade: B
In 2024, Colonial Theatre Group Inc reported a deficit of $611K with expenses exceeding revenue, holds 58.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Colonial Theatre Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -45.1% | -2.3% | -4.5% |
| 2023 | +91.6% | +71.5% | -12.4% |
| 2022 | -26.0% | +110.8% | +37.8% |
| 2021 | -62.3% | -56.7% | +18.6% |
| 2020 | +220.7% | -11.0% | +242.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Colonial Theatre Group Inc with a Mission Score of 80 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Colonial Theatre Group 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $611K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for a nonprofit of its size, with latest revenue of $2,618,130 and assets of $14,109,178, suggesting a high dedication to mission over executive pay.
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 Colonial Theatre Group Inc's IRS 990 filings:
- Operating deficits in multiple recent periods (e.g., 202407: expenses $2,892,958 vs. revenue $2,282,128).
- Significant fluctuations in revenue and expenses year-over-year, indicating potential instability or reliance on unpredictable funding.
- Lack of detailed functional expense breakdown in provided data, hindering full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Colonial Theatre Group Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission.
- Substantial growth in assets from $2,607,977 in 2015 to $14,109,178 in 2024.
- Ability to generate significant revenue in certain periods (e.g., $7,777,699 in 2020, $4,158,149 in 2023).
Frequently Asked Questions about Colonial Theatre Group Inc
Is Colonial Theatre Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colonial Theatre Group Inc (EIN: 20466087) some concerns. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
How does Colonial Theatre Group Inc spend its money?
Colonial Theatre Group Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colonial Theatre Group Inc tax-deductible?
Colonial Theatre Group Inc is registered as a tax-exempt nonprofit (EIN: 20466087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Colonial Theatre Group Inc CEO make?
Colonial Theatre Group Inc's highest-compensated officer earns $2,618,130 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Colonial Theatre Group Inc's spending goes to programs?
Colonial Theatre Group Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colonial Theatre Group Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Colonial Theatre Group Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colonial Theatre Group Inc located?
Colonial Theatre Group Inc is headquartered in Keene, New Hampshire and files with the IRS under EIN 20466087. It is classified under NTEE code A610.
How many years of IRS 990 filings does Colonial Theatre Group Inc have?
Colonial Theatre Group Inc has 13 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 $2.6M in total revenue.
Is Colonial Theatre Group Inc a good charity?
Based on the available data, Colonial Theatre Group Inc exhibits strong indicators of mission focus due to 0% officer compensation and significant asset growth. However, recent operating deficits (e.g., 202407: expenses $2,892,958 vs. revenue $2,282,128) suggest potential financial instability that warrants closer examination of their revenue generation and expense management strategies.
What caused the significant revenue spike in 2020 ($7,777,699)?
The IRS 990 data alone does not specify the cause of the revenue spike in 2020. This could be due to a large one-time grant, a major fundraising campaign, or other extraordinary income, and would require reviewing the full 990 form for details.
How does the organization manage its liabilities, which peaked at $5,966,917 in 2022?
The liabilities have fluctuated significantly, peaking in 2022 and then decreasing to $2,502,022 by 2024. This suggests active management or repayment of debts, but the specific nature of these liabilities (e.g., loans, deferred revenue) would require further investigation of the full 990 forms.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not include a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, one would need to review the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses.
Is the organization financially sustainable given recent operating deficits?
The organization has experienced operating deficits in several periods, including the latest (202407), where expenses exceeded revenue by over $600,000. While significant assets ($14,109,178) provide a buffer, sustained deficits could impact long-term financial health. A review of their cash flow and reserves would be necessary to fully assess sustainability.
Filing History
IRS 990 filing history for Colonial Theatre Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Colonial Theatre Group Inc's revenue has grown by 57%, moving from $1.5M to $2.3M. Total assets increased by 625.2% over the same period, from $1.9M to $14.1M. Total functional expenses rose by 79.8%, from $1.6M to $2.9M. In its most recent filing year (2024), Colonial Theatre Group Inc reported a deficit of $611K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $14.1M in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $2.9M | $14.1M | $2.5M | — | View 990 |
| 2023 | $4.2M | $3.0M | $14.8M | $2.6M | — | View 990 |
| 2022 | $2.2M | $1.7M | $16.9M | $6.0M | — | View 990 |
| 2021 | $2.9M | $819K | $12.2M | $1.7M | — | — |
| 2020 | $7.8M | $1.9M | $10.3M | $2.2M | — | — |
| 2019 | $2.4M | $2.1M | $3.0M | $745K | — | View 990 |
| 2018 | $2.1M | $2.2M | $2.6M | $629K | — | View 990 |
| 2017 | $2.0M | $2.1M | $2.7M | $746K | — | View 990 |
| 2016 | $1.7M | $1.7M | $2.6M | $743K | — | View 990 |
| 2015 | $1.4M | $1.6M | $2.6M | $661K | — | View 990 |
| 2014 | $1.6M | $1.6M | $2.7M | $493K | — | View 990 |
| 2013 | $1.8M | $1.7M | $2.6M | $411K | — | View 990 |
| 2012 | $1.5M | $1.6M | $1.9M | $484K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $2.9M, and assets of $14.1M (revenue -45.1% year-over-year).
- 2023: Revenue of $4.2M, expenses of $3.0M, and assets of $14.8M (revenue +91.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.7M, and assets of $16.9M (revenue -26.0% year-over-year).
- 2021: Revenue of $2.9M, expenses of $819K, and assets of $12.2M (revenue -62.3% year-over-year).
- 2020: Revenue of $7.8M, expenses of $1.9M, and assets of $10.3M (revenue +220.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.1M, and assets of $3.0M (revenue +15.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $2.6M (revenue +4.4% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.1M, and assets of $2.7M (revenue +16.2% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $2.6M (revenue +23.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $2.6M (revenue -11.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $2.7M (revenue -10.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $2.6M (revenue +23.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colonial Theatre Group Inc:
Data Sources and Methodology
This transparency report for Colonial Theatre Group 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.