Hits Theatre
EIN: 742118224 · Houston, TX · NTEE: A250
| Metric | Value |
|---|---|
| Total Revenue | $855K |
| Total Expenses | $775K |
| Net Assets | $284K |
Is Hits Theatre Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hits Theatre
Hits Theatre (EIN: 742118224) is a nonprofit organization based in Houston, TX, classified under NTEE code A250. The organization reported total revenue of $855K and total assets of $419K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hits Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hits Theatre is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $886K |
| Total Expenses | $775K |
| Surplus / Deficit | +$111K |
| Total Assets | $458K |
| Total Liabilities | $173K |
| Net Assets | $284K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 37.9% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2023, Hits Theatre reported a surplus of $111K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 37.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hits Theatre's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.4% | +22.0% | +46.7% |
| 2022 | -2.5% | +3.5% | -9.1% |
| 2021 | +2.3% | -17.8% | -3.9% |
| 2020 | -35.5% | -22.5% | -23.2% |
| 2019 | -3.1% | -0.7% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hits 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 Hits 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 surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.9%.
Frequently Asked Questions about Hits Theatre
Is Hits Theatre a legitimate charity?
Hits Theatre (EIN: 742118224) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $855K. No red flags identified. Financial health grade: A.
How does Hits Theatre spend its money?
Hits Theatre reported $855K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hits Theatre tax-deductible?
Hits Theatre is registered as a tax-exempt nonprofit (EIN: 742118224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hits Theatre located?
Hits Theatre is headquartered in Houston, Texas and files with the IRS under EIN 742118224. It is classified under NTEE code A250.
How many years of IRS 990 filings does Hits Theatre have?
Hits 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 $855K in total revenue.
Filing History
IRS 990 filing history for Hits Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hits Theatre's revenue has declined by 6.9%, moving from $951K to $886K. Total assets decreased by 2.7% over the same period, from $471K to $458K. Total functional expenses fell by 8.1%, from $843K to $775K. In its most recent filing year (2023), Hits Theatre reported a surplus of $111K, with revenue exceeding expenses. The organization holds $173K in liabilities against $458K in assets (debt-to-asset ratio: 37.9%), resulting in net assets of $284K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $886K | $775K | $458K | $173K | — | — |
| 2022 | $613K | $635K | $312K | $138K | — | View 990 |
| 2021 | $629K | $614K | $343K | $148K | — | View 990 |
| 2020 | $615K | $747K | $357K | $177K | — | View 990 |
| 2019 | $953K | $964K | $465K | $152K | — | View 990 |
| 2018 | $984K | $971K | $507K | $182K | — | View 990 |
| 2017 | $921K | $915K | $536K | $224K | — | View 990 |
| 2016 | $908K | $1.0M | $594K | $288K | — | View 990 |
| 2015 | $1.0M | $1.1M | $758K | $329K | — | View 990 |
| 2014 | $1.0M | $885K | $907K | $369K | — | View 990 |
| 2013 | $1.0M | $976K | $758K | $342K | — | View 990 |
| 2012 | $1.1M | $925K | $682K | $291K | — | View 990 |
| 2011 | $951K | $843K | $471K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $886K, expenses of $775K, and assets of $458K (revenue +44.4% year-over-year).
- 2022: Revenue of $613K, expenses of $635K, and assets of $312K (revenue -2.5% year-over-year).
- 2021: Revenue of $629K, expenses of $614K, and assets of $343K (revenue +2.3% year-over-year).
- 2020: Revenue of $615K, expenses of $747K, and assets of $357K (revenue -35.5% year-over-year).
- 2019: Revenue of $953K, expenses of $964K, and assets of $465K (revenue -3.1% year-over-year).
- 2018: Revenue of $984K, expenses of $971K, and assets of $507K (revenue +6.7% year-over-year).
- 2017: Revenue of $921K, expenses of $915K, and assets of $536K (revenue +1.4% year-over-year).
- 2016: Revenue of $908K, expenses of $1.0M, and assets of $594K (revenue -12.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $758K (revenue +2.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $885K, and assets of $907K (revenue +0.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $976K, and assets of $758K (revenue -9.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $925K, and assets of $682K (revenue +15.9% year-over-year).
- 2011: Revenue of $951K, expenses of $843K, and assets of $471K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hits Theatre:
Data Sources and Methodology
This transparency report for Hits 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.