Good Theater Inc
Good Theater Inc faces recurring deficits and fluctuating revenues, with no reported executive compensation.
EIN: 141846766 · Cape Eliz, ME · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $914K |
| Total Expenses | $503K |
| Program Spending | 80% |
| Net Assets | $-17,711 |
| Transparency Score | 70/100 |
Is Good Theater Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Theater Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Theater Inc
Good Theater Inc (EIN: 141846766) is a nonprofit organization based in Cape Eliz, ME, classified under NTEE code A65. The organization reported total revenue of $914K and total assets of $516K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Theater Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Theater Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $503K |
| Surplus / Deficit | $-107,495 |
| Total Assets | $90K |
| Total Liabilities | $107K |
| Net Assets | $-17,711 |
| Operating Margin | -27.2% |
| Debt-to-Asset Ratio | 119.8% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Good Theater Inc reported a deficit of $107K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 119.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Good Theater Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | -8.5% | -35.2% |
| 2022 | +31.7% | +64.7% | -25.8% |
| 2021 | +17.7% | +37.3% | +5.7% |
| 2020 | -47.1% | -54.7% | +34.7% |
| 2019 | -8.3% | +3.8% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Good Theater Inc with a Mission Score of 70 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, Good Theater Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $107K, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.8%.
Executive Compensation Analysis
Good Theater Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Good Theater Inc's IRS 990 filings:
- Recurring operational deficits (e.g., $107,495 in 2023, $96,427 in 2022).
- Significant increase in liabilities in 2023 to $107,227.
- Highly volatile revenue streams over the past several years.
Strengths
The following positive indicators were identified for Good Theater Inc:
- Consistent reporting of 0% officer compensation.
- Long history of 990 filings (13 filings), indicating transparency.
- Maintained operations despite financial fluctuations.
Frequently Asked Questions about Good Theater Inc
Is Good Theater Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Theater Inc (EIN: 141846766) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Good Theater Inc spend its money?
Good Theater Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Theater Inc tax-deductible?
Good Theater Inc is registered as a tax-exempt nonprofit (EIN: 141846766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Good Theater Inc's spending goes to programs?
Good Theater Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Good Theater Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Good Theater Inc 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 Good Theater Inc located?
Good Theater Inc is headquartered in Cape Eliz, Maine and files with the IRS under EIN 141846766. It is classified under NTEE code A65.
How many years of IRS 990 filings does Good Theater Inc have?
Good Theater Inc has 13 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 $914K in total revenue.
Is Good Theater Inc financially stable?
Good Theater Inc has shown signs of financial instability, operating at a deficit in 2023 ($107,495 deficit) and 2022 ($96,427 deficit). While assets have fluctuated, the recurring deficits and increased liabilities in 2023 suggest potential challenges to long-term stability.
How does Good Theater Inc manage its executive compensation?
Good Theater Inc reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a strong positive for directing resources to its mission.
What is the trend in Good Theater Inc's revenue?
Revenue for Good Theater Inc has been highly volatile, with a peak of $602,910 in 2018, a low of $292,572 in 2020, and a recent decline from $453,425 in 2022 to $395,565 in 2023.
Are Good Theater Inc's liabilities a concern?
While liabilities have generally been low, they significantly increased to $107,227 in 2023, up from $48,370 in 2022 and $0 in 2021. This recent increase, coupled with operating deficits, is a concern.
Filing History
IRS 990 filing history for Good Theater Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good Theater Inc's revenue has grown by 79.9%, moving from $220K to $396K. Total assets increased by 180.7% over the same period, from $32K to $90K. Total functional expenses rose by 118.5%, from $230K to $503K. In its most recent filing year (2023), Good Theater Inc reported a deficit of $107K, with expenses exceeding revenue. The organization holds $107K in liabilities against $90K in assets (debt-to-asset ratio: 119.8%), resulting in net assets of $-17,711.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $396K | $503K | $90K | $107K | — | — |
| 2022 | $453K | $550K | $138K | $48K | — | View 990 |
| 2021 | $344K | $334K | $186K | $0 | — | View 990 |
| 2020 | $293K | $243K | $176K | $404 | — | View 990 |
| 2019 | $553K | $537K | $131K | $5K | — | View 990 |
| 2018 | $603K | $517K | $118K | $8K | — | View 990 |
| 2017 | $416K | $409K | $51K | $26K | — | View 990 |
| 2016 | $411K | $411K | $26K | $8K | — | View 990 |
| 2015 | $304K | $371K | $22K | $4K | — | View 990 |
| 2014 | $308K | $285K | $89K | $4K | — | View 990 |
| 2013 | $295K | $254K | $65K | $3K | — | View 990 |
| 2012 | $263K | $273K | $23K | $2K | — | View 990 |
| 2011 | $220K | $230K | $32K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $396K, expenses of $503K, and assets of $90K (revenue -12.8% year-over-year).
- 2022: Revenue of $453K, expenses of $550K, and assets of $138K (revenue +31.7% year-over-year).
- 2021: Revenue of $344K, expenses of $334K, and assets of $186K (revenue +17.7% year-over-year).
- 2020: Revenue of $293K, expenses of $243K, and assets of $176K (revenue -47.1% year-over-year).
- 2019: Revenue of $553K, expenses of $537K, and assets of $131K (revenue -8.3% year-over-year).
- 2018: Revenue of $603K, expenses of $517K, and assets of $118K (revenue +45.0% year-over-year).
- 2017: Revenue of $416K, expenses of $409K, and assets of $51K (revenue +1.2% year-over-year).
- 2016: Revenue of $411K, expenses of $411K, and assets of $26K (revenue +35.0% year-over-year).
- 2015: Revenue of $304K, expenses of $371K, and assets of $22K (revenue -1.3% year-over-year).
- 2014: Revenue of $308K, expenses of $285K, and assets of $89K (revenue +4.5% year-over-year).
- 2013: Revenue of $295K, expenses of $254K, and assets of $65K (revenue +11.9% year-over-year).
- 2012: Revenue of $263K, expenses of $273K, and assets of $23K (revenue +19.8% year-over-year).
- 2011: Revenue of $220K, expenses of $230K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Theater Inc:
Data Sources and Methodology
This transparency report for Good Theater 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.