First Act Theatre Arts Inc
EIN: 481232428 · Overland Park, KS · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $916K |
| Total Expenses | $992K |
| Net Assets | $171K |
Is First Act Theatre Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Act Theatre Arts Inc
First Act Theatre Arts Inc (EIN: 481232428) is a nonprofit organization based in Overland Park, KS, classified under NTEE code A65. The organization reported total revenue of $916K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Act Theatre Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Act Theatre Arts Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2014–2024). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $859K |
| Total Expenses | $992K |
| Surplus / Deficit | $-133,001 |
| Total Assets | $312K |
| Total Liabilities | $140K |
| Net Assets | $171K |
| Operating Margin | -15.5% |
| Debt-to-Asset Ratio | 45.0% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2024, First Act Theatre Arts Inc reported a deficit of $133K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 45.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2014–2024), First Act Theatre Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.4% | +18.5% | -28.7% |
| 2023 | +2.4% | +16.3% | -0.3% |
| 2022 | +23.8% | +90.2% | +27.7% |
| 2021 | +14.1% | -29.7% | +139.4% |
| 2020 | -28.4% | -30.9% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Act Theatre Arts 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 First Act Theatre Arts 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 $133K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.0%.
Frequently Asked Questions about First Act Theatre Arts Inc
Is First Act Theatre Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Act Theatre Arts Inc (EIN: 481232428) insufficient data. 0 red flags identified, 0 strengths noted.
How does First Act Theatre Arts Inc spend its money?
Detailed spending breakdown data is not yet available for First Act Theatre Arts Inc. Check back for updated IRS 990 analysis.
Are donations to First Act Theatre Arts Inc tax-deductible?
First Act Theatre Arts Inc is registered as a tax-exempt nonprofit (EIN: 481232428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Act Theatre Arts Inc located?
First Act Theatre Arts Inc is headquartered in Overland Park, Kansas and files with the IRS under EIN 481232428. It is classified under NTEE code A65.
How many years of IRS 990 filings does First Act Theatre Arts Inc have?
First Act Theatre Arts 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 $916K in total revenue.
Filing History
IRS 990 filing history for First Act Theatre Arts Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2014–2024), First Act Theatre Arts Inc's revenue has grown by 7.5%, moving from $799K to $859K. Total assets increased by 5% over the same period, from $297K to $312K. Total functional expenses rose by 44.8%, from $685K to $992K. In its most recent filing year (2024), First Act Theatre Arts Inc reported a deficit of $133K, with expenses exceeding revenue. The organization holds $140K in liabilities against $312K in assets (debt-to-asset ratio: 45.0%), resulting in net assets of $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $859K | $992K | $312K | $140K | — | — |
| 2023 | $785K | $837K | $437K | $138K | — | View 990 |
| 2022 | $766K | $720K | $439K | $89K | — | View 990 |
| 2021 | $619K | $378K | $344K | $40K | — | View 990 |
| 2020 | $542K | $538K | $144K | $78K | — | View 990 |
| 2019 | $757K | $779K | $145K | $83K | — | View 990 |
| 2018 | $671K | $730K | $191K | $106K | — | View 990 |
| 2017 | $729K | $745K | $189K | $40K | — | View 990 |
| 2016 | $721K | $763K | $239K | $71K | — | View 990 |
| 2015 | $65K | $162K | $245K | $36K | — | View 990 |
| 2015 | $758K | $740K | $342K | $36K | — | View 990 |
| 2014 | $799K | $685K | $297K | $9K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $859K, expenses of $992K, and assets of $312K (revenue +9.4% year-over-year).
- 2023: Revenue of $785K, expenses of $837K, and assets of $437K (revenue +2.4% year-over-year).
- 2022: Revenue of $766K, expenses of $720K, and assets of $439K (revenue +23.8% year-over-year).
- 2021: Revenue of $619K, expenses of $378K, and assets of $344K (revenue +14.1% year-over-year).
- 2020: Revenue of $542K, expenses of $538K, and assets of $144K (revenue -28.4% year-over-year).
- 2019: Revenue of $757K, expenses of $779K, and assets of $145K (revenue +12.8% year-over-year).
- 2018: Revenue of $671K, expenses of $730K, and assets of $191K (revenue -7.9% year-over-year).
- 2017: Revenue of $729K, expenses of $745K, and assets of $189K (revenue +1.0% year-over-year).
- 2016: Revenue of $721K, expenses of $763K, and assets of $239K (revenue +1009.9% year-over-year).
- 2015: Revenue of $65K, expenses of $162K, and assets of $245K (revenue -91.4% year-over-year).
- 2015: Revenue of $758K, expenses of $740K, and assets of $342K (revenue -5.1% year-over-year).
- 2014: Revenue of $799K, expenses of $685K, and assets of $297K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Act Theatre Arts Inc:
Data Sources and Methodology
This transparency report for First Act Theatre Arts 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.