Drama Studio Inc
Drama Studio Inc: Strong Program Spending, but Transparency Lacking
EIN: 222822986 · Springfield, MA · NTEE: A6E0 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $537K |
| Total Expenses | $434K |
| Program Spending | 70% |
| Net Assets | $881K |
| Transparency Score | 75/100 |
Is Drama Studio Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drama Studio Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Drama Studio Inc
Drama Studio Inc (EIN: 222822986) is a nonprofit organization based in Springfield, MA, classified under NTEE code A6E0. The organization reported total revenue of $537K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drama Studio Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drama Studio Inc is a small nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $799K |
| Total Expenses | $434K |
| Surplus / Deficit | +$365K |
| Total Assets | $1.1M |
| Total Liabilities | $224K |
| Net Assets | $881K |
| Operating Margin | 45.7% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Drama Studio Inc reported a surplus of $365K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Drama Studio Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.8% | +21.2% | +49.9% |
| 2022 | +32.0% | +15.5% | +13.2% |
| 2021 | +4.9% | -11.8% | +26.2% |
| 2020 | -20.9% | -3.1% | +15.0% |
| 2019 | -0.1% | -9.2% | +20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Drama Studio Inc 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: 70%
- fundraising: 15%
According to IRS 990 filings, Drama Studio Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $365K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Drama Studio Inc's IRS 990 filings:
- Lack of detailed program impact reporting on their public platforms.
- Limited transparency regarding specific executive compensation figures.
Strengths
The following positive indicators were identified for Drama Studio Inc:
- Consistently high percentage of expenses dedicated to programs based on available data.
- Positive trend in total assets over the past several years, indicating financial growth.
- Low or zero reported lobbying expenses ('c0%') across all years, suggesting focus on mission.
Frequently Asked Questions about Drama Studio Inc
Is Drama Studio Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drama Studio Inc (EIN: 222822986) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Drama Studio Inc spend its money?
Drama Studio Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Drama Studio Inc tax-deductible?
Drama Studio Inc is registered as a tax-exempt nonprofit (EIN: 222822986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Drama Studio Inc's spending goes to programs?
Drama Studio Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Drama Studio Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Drama Studio Inc is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Drama Studio Inc located?
Drama Studio Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222822986. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Drama Studio Inc have?
Drama Studio Inc 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 $537K in total revenue.
What does Drama Studio Inc do?
Drama Studio Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Springfield, Massachusetts. It is classified under NTEE code A6E0.
How much revenue does Drama Studio Inc have?
Drama Studio Inc reported total revenue of $537,461. Based on 12 IRS 990 filings on record.
What are Drama Studio Inc's total assets?
Drama Studio Inc holds total assets of $1,178,688 as reported in IRS 990 filings.
Where is Drama Studio Inc located?
Drama Studio Inc is based in Springfield, Massachusetts.
What is Drama Studio Inc's EIN?
Drama Studio Inc's Employer Identification Number (EIN) is 222822986. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Drama Studio Inc?
Drama Studio Inc is classified under NTEE code A6E0 (Arts, Culture & Humanities).
Is Drama Studio Inc a registered 501(c)(3)?
Yes, Drama Studio Inc is recognized as a tax-exempt organization by the IRS. EIN: 222822986.
Does Drama Studio Inc file IRS Form 990?
Yes, Drama Studio Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Drama Studio Inc's revenue in 2023?
In the 202306 filing period, Drama Studio Inc reported total revenue of $799,084, total expenses of $433,658, and net assets of $1,105,954.
Is Drama Studio Inc's revenue growing or declining?
Drama Studio Inc's revenue is growing. Revenue went from $529,935 (202206) to $799,084 (202306), a +50.8% change. Based on 12 filings on record.
What is Drama Studio Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Drama Studio Inc covers tax period 202306. It shows revenue of $799,084, expenses of $433,658, total assets of $1,105,954, and liabilities of $224,470.
How much does Drama Studio Inc spend on programs vs administration?
Based on IRS 990 analysis, Drama Studio Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Drama Studio Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Drama Studio Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Drama Studio Inc?
The following concerns were identified: Lack of detailed program impact reporting on their public platforms.. Limited transparency regarding specific executive compensation figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Drama Studio Inc's strengths?
Positive indicators for Drama Studio Inc include: Consistently high percentage of expenses dedicated to programs based on available data.. Positive trend in total assets over the past several years, indicating financial growth.. Low or zero reported lobbying expenses ('c0%') across all years, suggesting focus on mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Drama Studio Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does Drama Studio Inc operate, and what are their measurable outcomes?
The provided data does not detail specific programs or their outcomes; further investigation into their website or annual reports would be necessary to answer this.
How does Drama Studio Inc ensure its administrative and fundraising costs remain efficient given its revenue fluctuations?
While the spending breakdown shows a reasonable allocation, the data alone doesn't provide insight into the strategies employed to maintain efficiency during periods of varying revenue.
Filing History
IRS 990 filing history for Drama Studio Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Drama Studio Inc's revenue has grown by 116.5%, moving from $369K to $799K. Total assets increased by 1292.5% over the same period, from $79K to $1.1M. Total functional expenses rose by 16.1%, from $374K to $434K. In its most recent filing year (2023), Drama Studio Inc reported a surplus of $365K, with revenue exceeding expenses. The organization holds $224K in liabilities against $1.1M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $881K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $799K | $434K | $1.1M | $224K | — | View 990 |
| 2022 | $530K | $358K | $738K | $222K | — | View 990 |
| 2021 | $402K | $310K | $652K | $308K | — | View 990 |
| 2020 | $383K | $351K | $516K | $264K | — | View 990 |
| 2019 | $484K | $362K | $449K | $229K | — | View 990 |
| 2018 | $484K | $399K | $372K | $274K | — | View 990 |
| 2017 | $354K | $344K | $47K | $35K | — | View 990 |
| 2016 | $360K | $352K | $41K | $38K | — | View 990 |
| 2015 | $346K | $329K | $61K | $67K | — | View 990 |
| 2014 | $349K | $323K | $63K | $86K | — | View 990 |
| 2013 | $319K | $392K | $22K | $71K | — | View 990 |
| 2012 | $369K | $374K | $79K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $799K, expenses of $434K, and assets of $1.1M (revenue +50.8% year-over-year).
- 2022: Revenue of $530K, expenses of $358K, and assets of $738K (revenue +32.0% year-over-year).
- 2021: Revenue of $402K, expenses of $310K, and assets of $652K (revenue +4.9% year-over-year).
- 2020: Revenue of $383K, expenses of $351K, and assets of $516K (revenue -20.9% year-over-year).
- 2019: Revenue of $484K, expenses of $362K, and assets of $449K (revenue -0.1% year-over-year).
- 2018: Revenue of $484K, expenses of $399K, and assets of $372K (revenue +36.9% year-over-year).
- 2017: Revenue of $354K, expenses of $344K, and assets of $47K (revenue -1.7% year-over-year).
- 2016: Revenue of $360K, expenses of $352K, and assets of $41K (revenue +4.0% year-over-year).
- 2015: Revenue of $346K, expenses of $329K, and assets of $61K (revenue -1.0% year-over-year).
- 2014: Revenue of $349K, expenses of $323K, and assets of $63K (revenue +9.5% year-over-year).
- 2013: Revenue of $319K, expenses of $392K, and assets of $22K (revenue -13.5% year-over-year).
- 2012: Revenue of $369K, expenses of $374K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drama Studio Inc:
Data Sources and Methodology
This transparency report for Drama Studio 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.