Distilled Theatre Company
Distilled Theatre Company's revenue has significantly declined over the past decade, operating at a much smaller scale in recent years.
EIN: 208648501 · Lexington, KY · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $21K |
| Program Spending | 75% |
| Net Assets | $4K |
| Transparency Score | 65/100 |
Is Distilled Theatre Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Distilled Theatre Company directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Distilled Theatre Company
Distilled Theatre Company (EIN: 208648501) is a nonprofit organization based in Lexington, KY, classified under NTEE code A65. The organization reported total revenue of $30K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Distilled Theatre Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Distilled Theatre Company is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -13.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $21K |
| Surplus / Deficit | +$9K |
| Total Assets | $13K |
| Total Liabilities | $9K |
| Net Assets | $4K |
| Operating Margin | 29.7% |
| Debt-to-Asset Ratio | 70.5% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2022, Distilled Theatre Company reported a surplus of $9K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 70.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Distilled Theatre Company's revenue has declined at a compound annual growth rate (CAGR) of -13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +151.8% | +12.8% | +145.0% |
| 2021 | -87.4% | -78.4% | -54.4% |
| 2020 | -38.3% | -40.4% | -2.2% |
| 2019 | +7.5% | -5.2% | +121.1% |
| 2018 | -8.6% | -7.6% | +124.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Distilled Theatre Company with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Distilled Theatre Company 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.5%.
Executive Compensation Analysis
Distilled Theatre Company consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for financial efficiency and 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 Distilled Theatre Company's IRS 990 filings:
- Significant and sustained decline in annual revenue from $181,909 in 2013 to $29,634 in 2022.
- Frequent periods where expenses exceeded revenue, indicating potential reliance on reserves or other funding not detailed.
- Low asset base ($12,981 in 2022) relative to historical operational scale, suggesting limited financial cushion.
Strengths
The following positive indicators were identified for Distilled Theatre Company:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and efficiency at the executive level.
- Long history of IRS 990 filings (12 filings), demonstrating commitment to public disclosure.
- Positive net assets in most recent filing ($12,981 assets vs. $9,150 liabilities in 2022).
Frequently Asked Questions about Distilled Theatre Company
Is Distilled Theatre Company a legitimate charity?
Distilled Theatre Company (EIN: 208648501) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $30K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Distilled Theatre Company spend its money?
Distilled Theatre Company directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Distilled Theatre Company tax-deductible?
Distilled Theatre Company is registered as a tax-exempt nonprofit (EIN: 208648501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Distilled Theatre Company's spending goes to programs?
Distilled Theatre Company directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Distilled Theatre Company compare to similar nonprofits?
With a transparency score of 65/100 (Good), Distilled Theatre Company is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Distilled Theatre Company located?
Distilled Theatre Company is headquartered in Lexington, Kentucky and files with the IRS under EIN 208648501. It is classified under NTEE code A65.
How many years of IRS 990 filings does Distilled Theatre Company have?
Distilled Theatre Company 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 $30K in total revenue.
What caused the significant decline in revenue from 2019 to 2022?
The provided data shows a sharp drop in revenue from $151,788 in 2019 to $93,652 in 2020, and further to $11,768 in 2021, and $29,634 in 2022. The specific reasons for this decline are not detailed in the summary data but warrant further investigation.
How does Distilled Theatre Company fund its operations given the frequent expense overages?
In several periods, such as 2021 ($11,768 revenue vs. $18,483 expenses) and 2018 ($141,257 revenue vs. $151,097 expenses), expenses exceeded revenue. This suggests the organization either relies on accumulated reserves from prior profitable years, grants, or other non-operating income sources not detailed in the summary.
What is the current operational scope of the organization given the reduced revenue and expenses?
With 2022 revenue at $29,634 and expenses at $20,840, the organization is operating at a significantly smaller scale compared to its historical activity levels, which often exceeded $140,000 in both revenue and expenses. This suggests a substantial reduction in programs or administrative capacity.
Filing History
IRS 990 filing history for Distilled Theatre Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Distilled Theatre Company's revenue has declined by 79.4%, moving from $144K to $30K. Total assets decreased by 50.1% over the same period, from $26K to $13K. Total functional expenses fell by 85.9%, from $147K to $21K. In its most recent filing year (2022), Distilled Theatre Company reported a surplus of $9K, with revenue exceeding expenses. The organization holds $9K in liabilities against $13K in assets (debt-to-asset ratio: 70.5%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $30K | $21K | $13K | $9K | — | — |
| 2021 | $12K | $18K | $5K | $10K | — | — |
| 2020 | $94K | $85K | $12K | $10K | — | — |
| 2019 | $152K | $143K | $12K | $18K | — | View 990 |
| 2018 | $141K | $151K | $5K | $4K | — | View 990 |
| 2017 | $155K | $164K | $2K | $2K | — | View 990 |
| 2016 | $145K | $153K | $2K | $-2,957 | — | View 990 |
| 2015 | $162K | $154K | $8K | $3K | — | View 990 |
| 2014 | $141K | $144K | $4K | $4K | — | View 990 |
| 2013 | $182K | $197K | $6K | $3K | — | View 990 |
| 2012 | $183K | $190K | $19K | $0 | — | View 990 |
| 2011 | $144K | $147K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $30K, expenses of $21K, and assets of $13K (revenue +151.8% year-over-year).
- 2021: Revenue of $12K, expenses of $18K, and assets of $5K (revenue -87.4% year-over-year).
- 2020: Revenue of $94K, expenses of $85K, and assets of $12K (revenue -38.3% year-over-year).
- 2019: Revenue of $152K, expenses of $143K, and assets of $12K (revenue +7.5% year-over-year).
- 2018: Revenue of $141K, expenses of $151K, and assets of $5K (revenue -8.6% year-over-year).
- 2017: Revenue of $155K, expenses of $164K, and assets of $2K (revenue +6.5% year-over-year).
- 2016: Revenue of $145K, expenses of $153K, and assets of $2K (revenue -10.6% year-over-year).
- 2015: Revenue of $162K, expenses of $154K, and assets of $8K (revenue +14.7% year-over-year).
- 2014: Revenue of $141K, expenses of $144K, and assets of $4K (revenue -22.3% year-over-year).
- 2013: Revenue of $182K, expenses of $197K, and assets of $6K (revenue -0.6% year-over-year).
- 2012: Revenue of $183K, expenses of $190K, and assets of $19K (revenue +27.3% year-over-year).
- 2011: Revenue of $144K, expenses of $147K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Distilled Theatre Company:
Data Sources and Methodology
This transparency report for Distilled 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.