Hattiloo Theatre
Hattiloo Theatre shows consistent asset growth and no reported officer compensation over a decade.
EIN: 204225394 · Memphis, TN · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.3M |
| Transparency Score | 85/100 |
Is Hattiloo Theatre Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hattiloo Theatre directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hattiloo Theatre
Hattiloo Theatre (EIN: 204225394) is a nonprofit organization based in Memphis, TN, classified under NTEE code A65. The organization reported total revenue of $1.6M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hattiloo Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hattiloo Theatre is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$40K |
| Total Assets | $6.5M |
| Total Liabilities | $108K |
| Net Assets | $6.3M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 46.5 months |
Financial Health Grade: A
In 2023, Hattiloo Theatre reported a surplus of $40K with revenue exceeding expenses, holds 46.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hattiloo Theatre's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.3% | +16.4% | +0.2% |
| 2022 | +193.7% | +58.9% | +28.1% |
| 2021 | -31.1% | -30.5% | +3.5% |
| 2020 | +30.0% | -13.1% | +6.9% |
| 2019 | -32.0% | -14.2% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hattiloo Theatre with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Hattiloo Theatre allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Hattiloo Theatre has reported 0% officer compensation across all 13 available IRS 990 filings, indicating either a volunteer leadership structure or compensation levels below reporting thresholds, which is highly favorable for a nonprofit of its size with assets exceeding $6 million.
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 Hattiloo Theatre's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $2.9M in 2022 vs. $1.7M in 2023) without clear explanation in provided data.
Strengths
The following positive indicators were identified for Hattiloo Theatre:
- Consistent asset growth over a decade, from $3.7M in 2014 to $6.4M in 2023.
- No reported officer compensation across all 13 filings, indicating strong financial stewardship or volunteer leadership.
- Low liabilities relative to assets, suggesting a healthy balance sheet ($107,541 liabilities vs. $6,456,958 assets in 2023).
- Consistent filing of IRS Form 990s, demonstrating good compliance and transparency.
- Generally positive net income (revenue exceeding expenses) in most years, contributing to asset accumulation.
Frequently Asked Questions about Hattiloo Theatre
Is Hattiloo Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Hattiloo Theatre (EIN: 204225394) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Hattiloo Theatre spend its money?
Hattiloo Theatre directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hattiloo Theatre tax-deductible?
Hattiloo Theatre is registered as a tax-exempt nonprofit (EIN: 204225394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hattiloo Theatre CEO make?
Hattiloo Theatre's highest-compensated officer earns $6 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hattiloo Theatre's spending goes to programs?
Hattiloo Theatre directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hattiloo Theatre compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hattiloo Theatre 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 Hattiloo Theatre located?
Hattiloo Theatre is headquartered in Memphis, Tennessee and files with the IRS under EIN 204225394. It is classified under NTEE code A65.
How many years of IRS 990 filings does Hattiloo Theatre have?
Hattiloo Theatre 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 $1.6M in total revenue.
What caused the significant revenue increase in fiscal year 2022 ($2,960,425) and its subsequent decrease in 2023 ($1,707,459)?
The provided data shows a substantial revenue spike in 202206, nearly doubling the previous year's revenue. Understanding the source of this increase (e.g., a large one-time grant, capital campaign, or specific event) and why it wasn't sustained in 2023 is crucial for assessing future financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While overall expenses are provided, a detailed breakdown is necessary to fully evaluate spending efficiency and ensure a high percentage of funds are directed towards program services, which is a key indicator of a well-run charity.
How does Hattiloo Theatre sustain its operations without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and asset base. Clarification on whether leadership is entirely volunteer or compensated through other means (e.g., contractor fees not reported as officer compensation) would enhance transparency.
Filing History
IRS 990 filing history for Hattiloo Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hattiloo Theatre's revenue has grown by 436.7%, moving from $318K to $1.7M. Total assets increased by 4857.7% over the same period, from $130K to $6.5M. Total functional expenses rose by 390.6%, from $340K to $1.7M. In its most recent filing year (2023), Hattiloo Theatre reported a surplus of $40K, with revenue exceeding expenses. The organization holds $108K in liabilities against $6.5M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $6.5M | $108K | — | View 990 |
| 2022 | $3.0M | $1.4M | $6.4M | $143K | — | View 990 |
| 2021 | $1.0M | $901K | $5.0M | $296K | — | View 990 |
| 2020 | $1.5M | $1.3M | $4.9M | $234K | — | View 990 |
| 2019 | $1.1M | $1.5M | $4.5M | $87K | — | View 990 |
| 2018 | $1.7M | $1.7M | $5.0M | $127K | — | View 990 |
| 2017 | $2.3M | $1.5M | $5.0M | $104K | — | View 990 |
| 2016 | $1.2M | $1.1M | $4.1M | $88K | — | View 990 |
| 2015 | $1.1M | $837K | $4.0M | $98K | — | View 990 |
| 2014 | $867K | $570K | $3.7M | $36K | — | View 990 |
| 2013 | $3.7M | $496K | $3.4M | $1K | — | View 990 |
| 2012 | $417K | $383K | $164K | $0 | — | View 990 |
| 2011 | $318K | $340K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $6.5M (revenue -42.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.4M, and assets of $6.4M (revenue +193.7% year-over-year).
- 2021: Revenue of $1.0M, expenses of $901K, and assets of $5.0M (revenue -31.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $4.9M (revenue +30.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $4.5M (revenue -32.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $5.0M (revenue -29.3% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.5M, and assets of $5.0M (revenue +93.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $4.1M (revenue +14.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $837K, and assets of $4.0M (revenue +21.7% year-over-year).
- 2014: Revenue of $867K, expenses of $570K, and assets of $3.7M (revenue -76.3% year-over-year).
- 2013: Revenue of $3.7M, expenses of $496K, and assets of $3.4M (revenue +777.9% year-over-year).
- 2012: Revenue of $417K, expenses of $383K, and assets of $164K (revenue +31.0% year-over-year).
- 2011: Revenue of $318K, expenses of $340K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hattiloo Theatre:
Data Sources and Methodology
This transparency report for Hattiloo 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.