Fox Theatre Inc
Fox Theatre Inc shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 131240132 · Atlanta, GA · NTEE: A800 · Updated: 2026-03-28
Is Fox Theatre Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fox Theatre Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fox Theatre Inc
Fox Theatre Inc (EIN: 131240132) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A800. The organization reported total revenue of $70.3M and total assets of $132.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fox Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fox Theatre Inc is a major nonprofit that has been operating for 51 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.4M |
| Total Expenses | $29.4M |
| Surplus / Deficit | +$12.0M |
| Total Assets | $123.4M |
| Total Liabilities | $14.2M |
| Net Assets | $109.2M |
| Operating Margin | 29.0% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 50.4 months |
Financial Health Grade: A
In 2024, Fox Theatre Inc reported a surplus of $12.0M with revenue exceeding expenses, holds 50.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fox Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +39.6% | +15.1% | +10.9% |
| 2023 | -7.6% | +13.6% | +10.6% |
| 2022 | +57.7% | +105.3% | -5.9% |
| 2021 | -11.1% | -50.6% | +12.0% |
| 2020 | -23.2% | -9.0% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Fox Theatre Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Fox Theatre Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $12.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with over $40 million in annual revenue and $123 million in assets. This suggests either a volunteer leadership model or that compensation is structured in a way not reported as officer compensation on the 990.
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 Fox Theatre Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Fox Theatre Inc:
- Strong and consistent revenue growth over the past decade, from $19.3M in 2015 to $41.4M in 2024.
- Excellent financial stability with assets significantly exceeding liabilities (e.g., $123M assets vs. $14M liabilities in 2024).
- Consistent reporting of 0% officer compensation, indicating a potential commitment to directing funds to mission.
- Healthy financial reserves, with assets growing steadily over time, demonstrating long-term sustainability.
- Efficient spending, as expenses are consistently well below revenue, allowing for asset accumulation.
Frequently Asked Questions about Fox Theatre Inc
Is Fox Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fox Theatre Inc (EIN: 131240132) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Fox Theatre Inc spend its money?
Fox Theatre Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fox Theatre Inc tax-deductible?
Fox Theatre Inc is registered as a tax-exempt nonprofit (EIN: 131240132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fox Theatre Inc a good charity?
Based on its financial health, consistent revenue growth, significant asset accumulation, and reported 0% officer compensation, Fox Theatre Inc appears to be a very well-managed and financially sound organization. Its ability to generate substantial revenue and maintain low liabilities suggests effective operations and strong public support.
How has Fox Theatre Inc's revenue changed over time?
Fox Theatre Inc has experienced substantial revenue growth, increasing from $19.3 million in 2015 to $41.4 million in 2024, demonstrating a strong upward trend and resilience, even during challenging periods like 2020-2021.
What is the organization's asset-to-liability ratio?
In 2024, Fox Theatre Inc had assets of $123,393,824 and liabilities of $14,228,590, resulting in a very healthy asset-to-liability ratio of approximately 8.67:1, indicating strong financial solvency.
Does Fox Theatre Inc pay its executives?
According to all available IRS 990 filings, Fox Theatre Inc consistently reports 0% officer compensation, suggesting that no salaries or other compensation were paid to its officers as reported on these forms.
Filing History
IRS 990 filing history for Fox Theatre Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fox Theatre Inc's revenue has grown by 224.1%, moving from $12.8M to $41.4M. Total assets increased by 257.9% over the same period, from $34.5M to $123.4M. Total functional expenses rose by 148%, from $11.9M to $29.4M. In its most recent filing year (2024), Fox Theatre Inc reported a surplus of $12.0M, with revenue exceeding expenses. The organization holds $14.2M in liabilities against $123.4M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $109.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $41.4M | $29.4M | $123.4M | $14.2M | — | View 990 |
| 2023 | $29.7M | $25.5M | $111.2M | $19.6M | — | View 990 |
| 2022 | $32.1M | $22.5M | $100.5M | $17.6M | — | View 990 |
| 2021 | $20.4M | $11.0M | $106.8M | $25.4M | — | View 990 |
| 2020 | $22.9M | $22.2M | $95.3M | $26.2M | — | View 990 |
| 2019 | $29.8M | $24.3M | $81.7M | $15.4M | — | View 990 |
| 2018 | $29.6M | $20.8M | $82.8M | $23.5M | — | View 990 |
| 2017 | $24.3M | $16.7M | $59.1M | $8.0M | — | View 990 |
| 2016 | $22.1M | $16.4M | $48.6M | $5.5M | — | View 990 |
| 2015 | $19.3M | $14.7M | $42.0M | $5.0M | — | View 990 |
| 2014 | $16.2M | $13.4M | $36.8M | $3.8M | — | View 990 |
| 2013 | $14.1M | $13.5M | $32.8M | $3.1M | — | View 990 |
| 2012 | $12.7M | $12.5M | $32.5M | $3.7M | — | View 990 |
| 2011 | $12.8M | $11.9M | $34.5M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $41.4M, expenses of $29.4M, and assets of $123.4M (revenue +39.6% year-over-year).
- 2023: Revenue of $29.7M, expenses of $25.5M, and assets of $111.2M (revenue -7.6% year-over-year).
- 2022: Revenue of $32.1M, expenses of $22.5M, and assets of $100.5M (revenue +57.7% year-over-year).
- 2021: Revenue of $20.4M, expenses of $11.0M, and assets of $106.8M (revenue -11.1% year-over-year).
- 2020: Revenue of $22.9M, expenses of $22.2M, and assets of $95.3M (revenue -23.2% year-over-year).
- 2019: Revenue of $29.8M, expenses of $24.3M, and assets of $81.7M (revenue +0.7% year-over-year).
- 2018: Revenue of $29.6M, expenses of $20.8M, and assets of $82.8M (revenue +21.8% year-over-year).
- 2017: Revenue of $24.3M, expenses of $16.7M, and assets of $59.1M (revenue +9.9% year-over-year).
- 2016: Revenue of $22.1M, expenses of $16.4M, and assets of $48.6M (revenue +14.3% year-over-year).
- 2015: Revenue of $19.3M, expenses of $14.7M, and assets of $42.0M (revenue +19.1% year-over-year).
- 2014: Revenue of $16.2M, expenses of $13.4M, and assets of $36.8M (revenue +15.4% year-over-year).
- 2013: Revenue of $14.1M, expenses of $13.5M, and assets of $32.8M (revenue +11.2% year-over-year).
- 2012: Revenue of $12.7M, expenses of $12.5M, and assets of $32.5M (revenue -0.9% year-over-year).
- 2011: Revenue of $12.8M, expenses of $11.9M, and assets of $34.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fox Theatre Inc:
Data Sources and Methodology
This transparency report for Fox Theatre 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.