Firehouse Theater Company
Firehouse Theater Company faces recent operating deficits despite asset growth and volunteer leadership.
EIN: 201570717 · Denver, CO · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $149K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $196,971 |
| Net Assets | $88K |
| Transparency Score | 75/100 |
Is Firehouse Theater Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Firehouse Theater Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Firehouse Theater Company
Firehouse Theater Company (EIN: 201570717) is a nonprofit organization based in Denver, CO, classified under NTEE code A65. The organization reported total revenue of $197K and total assets of $161K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firehouse Theater Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firehouse Theater Company is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $149K |
| Surplus / Deficit | $-15,117 |
| Total Assets | $88K |
| Net Assets | $88K |
| Operating Margin | -11.3% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2024, Firehouse Theater Company reported a deficit of $15K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Firehouse Theater Company's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +34.2% | -14.6% | +12.2% |
| 2023 | -30.2% | +111.7% | -20.3% |
| 2022 | +618.4% | +176.6% | +160.3% |
| 2021 | -71.6% | -57.7% | -20.7% |
| 2020 | -16.8% | -6.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Firehouse Theater Company 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, Firehouse Theater Company 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's officers are volunteers, which is highly commendable for a nonprofit of its size (latest revenue $196,971).
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 Firehouse Theater Company's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 202407: $149,324 expenses vs $134,207 revenue; 202307: $174,814 expenses vs $99,996 revenue).
- Volatile revenue streams, making financial planning challenging.
Strengths
The following positive indicators were identified for Firehouse Theater Company:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Overall asset growth from $22,943 in 201507 to $88,282 in 202407.
- Low liabilities reported across all periods, often $0 or very minimal.
Frequently Asked Questions about Firehouse Theater Company
Is Firehouse Theater Company a legitimate charity?
Firehouse Theater Company (EIN: 201570717) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $197K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Firehouse Theater Company spend its money?
Firehouse Theater Company directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Firehouse Theater Company tax-deductible?
Firehouse Theater Company is registered as a tax-exempt nonprofit (EIN: 201570717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Firehouse Theater Company CEO make?
Firehouse Theater Company's highest-compensated officer earns $196,971 annually. The organization reported $197K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Firehouse Theater Company's spending goes to programs?
Firehouse Theater Company directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Firehouse Theater Company compare to similar nonprofits?
With a transparency score of 75/100 (Good), Firehouse Theater 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 Firehouse Theater Company located?
Firehouse Theater Company is headquartered in Denver, Colorado and files with the IRS under EIN 201570717. It is classified under NTEE code A65.
How many years of IRS 990 filings does Firehouse Theater Company have?
Firehouse Theater Company has 10 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 $197K in total revenue.
Is Firehouse Theater Company a good charity?
Firehouse Theater Company exhibits strong volunteer leadership with 0% officer compensation, which is a positive sign. However, recent years show expenses exceeding revenue, indicating potential financial strain. Its effectiveness depends on how it manages these deficits and allocates its spending, which is not fully detailed in the provided data.
How has Firehouse Theater Company's financial health changed over time?
The organization has experienced significant fluctuations. While assets have grown from $22,943 in 201507 to $88,282 in 202407, recent periods (202307 and 202407) show expenses exceeding revenue, contrasting with earlier periods like 202207 where revenue significantly outpaced expenses ($143,340 vs $82,588).
What is the trend in Firehouse Theater Company's revenue?
Revenue has been inconsistent, peaking at $196,971 (latest) but showing significant dips, such as $19,954 in 202107, and then recovering to $134,207 in 202407. This volatility suggests an unpredictable funding stream.
Filing History
IRS 990 filing history for Firehouse Theater Company showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Firehouse Theater Company's revenue has grown by 195.5%, moving from $45K to $134K. Total assets increased by 284.8% over the same period, from $23K to $88K. Total functional expenses rose by 322.9%, from $35K to $149K. In its most recent filing year (2024), Firehouse Theater Company reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $134K | $149K | $88K | $0 | — | — |
| 2023 | $100K | $175K | $79K | $0 | — | View 990 |
| 2022 | $143K | $83K | $99K | $0 | — | View 990 |
| 2021 | $20K | $30K | $38K | $0 | — | View 990 |
| 2020 | $70K | $71K | $48K | $0 | — | View 990 |
| 2019 | $85K | $76K | $48K | $0 | — | View 990 |
| 2018 | $61K | $60K | $40K | $-351 | — | View 990 |
| 2017 | $70K | $53K | $40K | $490 | — | View 990 |
| 2016 | $45K | $35K | $23K | $70 | — | View 990 |
| 2015 | $45K | $35K | $23K | $70 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $134K, expenses of $149K, and assets of $88K (revenue +34.2% year-over-year).
- 2023: Revenue of $100K, expenses of $175K, and assets of $79K (revenue -30.2% year-over-year).
- 2022: Revenue of $143K, expenses of $83K, and assets of $99K (revenue +618.4% year-over-year).
- 2021: Revenue of $20K, expenses of $30K, and assets of $38K (revenue -71.6% year-over-year).
- 2020: Revenue of $70K, expenses of $71K, and assets of $48K (revenue -16.8% year-over-year).
- 2019: Revenue of $85K, expenses of $76K, and assets of $48K (revenue +38.5% year-over-year).
- 2018: Revenue of $61K, expenses of $60K, and assets of $40K (revenue -12.5% year-over-year).
- 2017: Revenue of $70K, expenses of $53K, and assets of $40K (revenue +53.6% year-over-year).
- 2016: Revenue of $45K, expenses of $35K, and assets of $23K (revenue +0.0% year-over-year).
- 2015: Revenue of $45K, expenses of $35K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firehouse Theater Company:
Data Sources and Methodology
This transparency report for Firehouse Theater 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.