Florence Little Theatre
EIN: 570479189 · Florence, SC · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $783K |
| Total Expenses | $813K |
| Net Assets | $7.5M |
Is Florence Little Theatre Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Florence Little Theatre
Florence Little Theatre (EIN: 570479189) is a nonprofit organization based in Florence, SC, classified under NTEE code A650. The organization reported total revenue of $783K and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Little Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence Little Theatre is a small nonprofit that has been operating for 58 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $482K |
| Total Expenses | $813K |
| Surplus / Deficit | $-330,730 |
| Total Assets | $7.5M |
| Total Liabilities | $87K |
| Net Assets | $7.5M |
| Operating Margin | -68.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 111.3 months |
Financial Health Grade: B
In 2023, Florence Little Theatre reported a deficit of $331K with expenses exceeding revenue, holds 111.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Florence Little Theatre's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.4% | +12.1% | -3.1% |
| 2022 | -25.8% | +14.1% | -7.1% |
| 2021 | -40.8% | -20.1% | -1.6% |
| 2020 | -10.3% | -6.9% | -3.8% |
| 2019 | -2.8% | -9.1% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Florence Little Theatre 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 Florence Little Theatre 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $331K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Florence Little Theatre
Is Florence Little Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence Little Theatre (EIN: 570479189) insufficient data. 0 red flags identified, 0 strengths noted.
How does Florence Little Theatre spend its money?
Detailed spending breakdown data is not yet available for Florence Little Theatre. Check back for updated IRS 990 analysis.
Are donations to Florence Little Theatre tax-deductible?
Florence Little Theatre is registered as a tax-exempt nonprofit (EIN: 570479189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Florence Little Theatre located?
Florence Little Theatre is headquartered in Florence, South Carolina and files with the IRS under EIN 570479189. It is classified under NTEE code A650.
How many years of IRS 990 filings does Florence Little Theatre have?
Florence Little Theatre 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 $783K in total revenue.
Filing History
IRS 990 filing history for Florence Little Theatre showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Florence Little Theatre's revenue has declined by 7.7%, moving from $523K to $482K. Total assets decreased by 30.4% over the same period, from $10.8M to $7.5M. Total functional expenses rose by 2.2%, from $795K to $813K. In its most recent filing year (2023), Florence Little Theatre reported a deficit of $331K, with expenses exceeding revenue. The organization holds $87K in liabilities against $7.5M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $482K | $813K | $7.5M | $87K | — | View 990 |
| 2022 | $232K | $725K | $7.8M | $43K | — | View 990 |
| 2021 | $313K | $636K | $8.4M | $37K | — | View 990 |
| 2020 | $529K | $796K | $8.5M | $45K | — | View 990 |
| 2019 | $590K | $855K | $8.8M | $116K | — | View 990 |
| 2018 | $607K | $940K | $9.2M | $178K | — | View 990 |
| 2017 | $561K | $910K | $9.3M | $33K | — | View 990 |
| 2016 | $532K | $839K | $9.7M | $97K | — | View 990 |
| 2015 | $457K | $807K | $10.1M | $119K | — | View 990 |
| 2014 | $547K | $876K | $10.4M | $106K | — | View 990 |
| 2013 | $552K | $819K | $10.6M | $98K | — | View 990 |
| 2012 | $523K | $795K | $10.8M | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $482K, expenses of $813K, and assets of $7.5M (revenue +107.4% year-over-year).
- 2022: Revenue of $232K, expenses of $725K, and assets of $7.8M (revenue -25.8% year-over-year).
- 2021: Revenue of $313K, expenses of $636K, and assets of $8.4M (revenue -40.8% year-over-year).
- 2020: Revenue of $529K, expenses of $796K, and assets of $8.5M (revenue -10.3% year-over-year).
- 2019: Revenue of $590K, expenses of $855K, and assets of $8.8M (revenue -2.8% year-over-year).
- 2018: Revenue of $607K, expenses of $940K, and assets of $9.2M (revenue +8.3% year-over-year).
- 2017: Revenue of $561K, expenses of $910K, and assets of $9.3M (revenue +5.4% year-over-year).
- 2016: Revenue of $532K, expenses of $839K, and assets of $9.7M (revenue +16.4% year-over-year).
- 2015: Revenue of $457K, expenses of $807K, and assets of $10.1M (revenue -16.5% year-over-year).
- 2014: Revenue of $547K, expenses of $876K, and assets of $10.4M (revenue -0.8% year-over-year).
- 2013: Revenue of $552K, expenses of $819K, and assets of $10.6M (revenue +5.6% year-over-year).
- 2012: Revenue of $523K, expenses of $795K, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence Little Theatre:
Data Sources and Methodology
This transparency report for Florence Little Theatre 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.