Heartwood Regional Theater Company
EIN: 562404197 · Damariscotta, ME · NTEE: A65
Is Heartwood Regional Theater Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartwood Regional Theater Company
Heartwood Regional Theater Company (EIN: 562404197) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code A65. The organization reported total revenue of $188K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartwood Regional Theater Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Heartwood Regional Theater Company 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 Heartwood Regional Theater Company 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.
Frequently Asked Questions about Heartwood Regional Theater Company
Is Heartwood Regional Theater Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartwood Regional Theater Company (EIN: 562404197) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heartwood Regional Theater Company spend its money?
Detailed spending breakdown data is not yet available for Heartwood Regional Theater Company. Check back for updated IRS 990 analysis.
Are donations to Heartwood Regional Theater Company tax-deductible?
Heartwood Regional Theater Company is registered as a tax-exempt nonprofit (EIN: 562404197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Heartwood Regional Theater Company showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Heartwood Regional Theater Company's revenue has declined by 42.9%, moving from $327K to $186K. Total assets increased by 56.6% over the same period, from $6K to $10K. Total functional expenses fell by 38.7%, from $293K to $180K. In its most recent filing year (2024), Heartwood Regional Theater Company reported a surplus of $7K, with revenue exceeding expenses. The organization holds $22K in liabilities against $10K in assets (debt-to-asset ratio: 232.8%), resulting in net assets of $-12,668.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $186K | $180K | $10K | $22K | — | — |
| 2023 | $241K | $244K | $4K | $24K | — | View 990 |
| 2022 | $230K | $238K | $7K | $23K | — | View 990 |
| 2021 | $236K | $226K | $23K | $30K | — | — |
| 2020 | $175K | $193K | $13K | $29K | — | View 990 |
| 2019 | $239K | $228K | $44K | $42K | — | View 990 |
| 2018 | $228K | $253K | $26K | $35K | — | View 990 |
| 2017 | $245K | $230K | $32K | $15K | — | View 990 |
| 2016 | $236K | $235K | $35K | $33K | — | View 990 |
| 2015 | $264K | $254K | $15K | $15K | — | View 990 |
| 2014 | $222K | $204K | $10K | $20K | — | View 990 |
| 2013 | $272K | $287K | $6K | $33K | — | View 990 |
| 2012 | $258K | $258K | $18K | $30K | — | View 990 |
| 2011 | $327K | $293K | $6K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $186K, expenses of $180K, and assets of $10K (revenue -22.6% year-over-year).
- 2023: Revenue of $241K, expenses of $244K, and assets of $4K (revenue +4.9% year-over-year).
- 2022: Revenue of $230K, expenses of $238K, and assets of $7K (revenue -2.5% year-over-year).
- 2021: Revenue of $236K, expenses of $226K, and assets of $23K (revenue +35.0% year-over-year).
- 2020: Revenue of $175K, expenses of $193K, and assets of $13K (revenue -26.9% year-over-year).
- 2019: Revenue of $239K, expenses of $228K, and assets of $44K (revenue +4.5% year-over-year).
- 2018: Revenue of $228K, expenses of $253K, and assets of $26K (revenue -6.9% year-over-year).
- 2017: Revenue of $245K, expenses of $230K, and assets of $32K (revenue +4.0% year-over-year).
- 2016: Revenue of $236K, expenses of $235K, and assets of $35K (revenue -10.8% year-over-year).
- 2015: Revenue of $264K, expenses of $254K, and assets of $15K (revenue +19.1% year-over-year).
- 2014: Revenue of $222K, expenses of $204K, and assets of $10K (revenue -18.3% year-over-year).
- 2013: Revenue of $272K, expenses of $287K, and assets of $6K (revenue +5.5% year-over-year).
- 2012: Revenue of $258K, expenses of $258K, and assets of $18K (revenue -21.1% year-over-year).
- 2011: Revenue of $327K, expenses of $293K, and assets of $6K.
Data Sources and Methodology
This transparency report for Heartwood Regional Theater Company 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.