Firehouse Theatre Project Inc
EIN: 541686050 · Richmond, VA · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $738K |
| Total Expenses | $540K |
| Net Assets | $1.3M |
Is Firehouse Theatre Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Firehouse Theatre Project Inc
Firehouse Theatre Project Inc (EIN: 541686050) is a nonprofit organization based in Richmond, VA, classified under NTEE code A650. The organization reported total revenue of $738K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firehouse Theatre Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firehouse Theatre Project Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $521K |
| Total Expenses | $540K |
| Surplus / Deficit | $-18,727 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -3.6% |
| Months of Reserves | 29.7 months |
Financial Health Grade: B
In 2024, Firehouse Theatre Project Inc reported a deficit of $19K with expenses exceeding revenue, holds 29.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Firehouse Theatre Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +37.2% | +54.3% | -0.1% |
| 2023 | +0.9% | +11.1% | +3.8% |
| 2022 | +62.3% | +75.8% | +2.4% |
| 2021 | -15.3% | -36.4% | +7.0% |
| 2020 | -8.4% | -6.7% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Firehouse Theatre Project Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Firehouse Theatre Project Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about Firehouse Theatre Project Inc
Is Firehouse Theatre Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Firehouse Theatre Project Inc (EIN: 541686050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Firehouse Theatre Project Inc spend its money?
Detailed spending breakdown data is not yet available for Firehouse Theatre Project Inc. Check back for updated IRS 990 analysis.
Are donations to Firehouse Theatre Project Inc tax-deductible?
Firehouse Theatre Project Inc is registered as a tax-exempt nonprofit (EIN: 541686050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Firehouse Theatre Project Inc located?
Firehouse Theatre Project Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 541686050. It is classified under NTEE code A650.
How many years of IRS 990 filings does Firehouse Theatre Project Inc have?
Firehouse Theatre Project Inc has 14 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 $738K in total revenue.
Filing History
IRS 990 filing history for Firehouse Theatre Project Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Firehouse Theatre Project Inc's revenue has grown by 51.9%, moving from $343K to $521K. Total assets increased by 67.6% over the same period, from $796K to $1.3M. Total functional expenses rose by 69.4%, from $319K to $540K. In its most recent filing year (2024), Firehouse Theatre Project Inc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $521K | $540K | $1.3M | $0 | — | — |
| 2023 | $380K | $350K | $1.3M | $0 | — | View 990 |
| 2022 | $376K | $315K | $1.3M | $0 | — | View 990 |
| 2021 | $232K | $179K | $1.3M | $19K | — | — |
| 2020 | $274K | $282K | $1.2M | $16K | — | View 990 |
| 2019 | $299K | $302K | $1.2M | $0 | — | View 990 |
| 2018 | $326K | $353K | $1.1M | $0 | — | View 990 |
| 2017 | $290K | $281K | $1.2M | $0 | — | View 990 |
| 2016 | $384K | $296K | $1.2M | $0 | — | View 990 |
| 2015 | $682K | $316K | $1.1M | $0 | — | View 990 |
| 2014 | $320K | $349K | $707K | $3K | — | View 990 |
| 2013 | $351K | $439K | $735K | $839 | — | View 990 |
| 2012 | $213K | $186K | $823K | $1K | — | View 990 |
| 2011 | $343K | $319K | $796K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $521K, expenses of $540K, and assets of $1.3M (revenue +37.2% year-over-year).
- 2023: Revenue of $380K, expenses of $350K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2022: Revenue of $376K, expenses of $315K, and assets of $1.3M (revenue +62.3% year-over-year).
- 2021: Revenue of $232K, expenses of $179K, and assets of $1.3M (revenue -15.3% year-over-year).
- 2020: Revenue of $274K, expenses of $282K, and assets of $1.2M (revenue -8.4% year-over-year).
- 2019: Revenue of $299K, expenses of $302K, and assets of $1.2M (revenue -8.6% year-over-year).
- 2018: Revenue of $326K, expenses of $353K, and assets of $1.1M (revenue +12.5% year-over-year).
- 2017: Revenue of $290K, expenses of $281K, and assets of $1.2M (revenue -24.5% year-over-year).
- 2016: Revenue of $384K, expenses of $296K, and assets of $1.2M (revenue -43.6% year-over-year).
- 2015: Revenue of $682K, expenses of $316K, and assets of $1.1M (revenue +112.9% year-over-year).
- 2014: Revenue of $320K, expenses of $349K, and assets of $707K (revenue -8.7% year-over-year).
- 2013: Revenue of $351K, expenses of $439K, and assets of $735K (revenue +64.5% year-over-year).
- 2012: Revenue of $213K, expenses of $186K, and assets of $823K (revenue -37.9% year-over-year).
- 2011: Revenue of $343K, expenses of $319K, and assets of $796K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firehouse Theatre Project Inc:
Data Sources and Methodology
This transparency report for Firehouse Theatre Project 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.