Home For Contemporary Theatre And Art Ltd
Home For Contemporary Theatre And Art Ltd faces recurring operational deficits despite stable assets.
EIN: 133449416 · New York, NY · NTEE: A200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is Home For Contemporary Theatre And Art Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home For Contemporary Theatre And Art Ltd directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home For Contemporary Theatre And Art Ltd
Home For Contemporary Theatre And Art Ltd (EIN: 133449416) is a nonprofit organization based in New York, NY, classified under NTEE code A200. The organization reported total revenue of $2.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home For Contemporary Theatre And Art Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home For Contemporary Theatre And Art Ltd is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-639,748 |
| Total Assets | $3.2M |
| Total Liabilities | $1.5M |
| Net Assets | $1.7M |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 47.6% |
| Months of Reserves | 13.5 months |
Financial Health Grade: B
In 2023, Home For Contemporary Theatre And Art Ltd reported a deficit of $640K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home For Contemporary Theatre And Art Ltd's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | -22.6% | -17.4% |
| 2022 | -0.6% | +92.7% | -23.5% |
| 2021 | +54.0% | -33.6% | +30.9% |
| 2020 | -25.7% | -0.6% | -10.8% |
| 2019 | -32.4% | -12.6% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Home For Contemporary Theatre And Art Ltd with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Home For Contemporary Theatre And Art Ltd allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $640K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size with over $2 million in annual revenue.
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 Home For Contemporary Theatre And Art Ltd's IRS 990 filings:
- Recurring operational deficits (e.g., $639,748 in 202308, $663,334 in 202208).
- Significant liabilities relative to assets (e.g., $1,540,387 liabilities against $3,234,113 assets in 202308).
- Unusually low or 0% reported officer compensation for an organization of this size, which may obscure actual leadership costs.
Strengths
The following positive indicators were identified for Home For Contemporary Theatre And Art Ltd:
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing executive overhead.
- Maintained a stable asset base over several years, despite revenue fluctuations.
Frequently Asked Questions about Home For Contemporary Theatre And Art Ltd
Is Home For Contemporary Theatre And Art Ltd a legitimate charity?
Home For Contemporary Theatre And Art Ltd (EIN: 133449416) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Home For Contemporary Theatre And Art Ltd spend its money?
Home For Contemporary Theatre And Art Ltd directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Home For Contemporary Theatre And Art Ltd tax-deductible?
Home For Contemporary Theatre And Art Ltd is registered as a tax-exempt nonprofit (EIN: 133449416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Home For Contemporary Theatre And Art Ltd CEO make?
Home For Contemporary Theatre And Art Ltd's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Home For Contemporary Theatre And Art Ltd's spending goes to programs?
Home For Contemporary Theatre And Art Ltd directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Home For Contemporary Theatre And Art Ltd compare to similar nonprofits?
With a transparency score of 65/100 (Good), Home For Contemporary Theatre And Art Ltd is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home For Contemporary Theatre And Art Ltd located?
Home For Contemporary Theatre And Art Ltd is headquartered in New York, New York and files with the IRS under EIN 133449416. It is classified under NTEE code A200.
How many years of IRS 990 filings does Home For Contemporary Theatre And Art Ltd have?
Home For Contemporary Theatre And Art Ltd 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 $2.2M in total revenue.
Is Home For Contemporary Theatre And Art Ltd financially sustainable given its recurring deficits?
The organization has reported expenses exceeding revenue in multiple recent periods (202308, 202208, 202008), suggesting a pattern of operational deficits. While assets remain stable, this trend raises concerns about long-term financial sustainability if not addressed.
What is the reason for 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive roles are filled by volunteers, or compensation is structured in a way that isn't reported under this specific line item, which would require further investigation.
How does the organization cover its operational deficits?
With expenses exceeding revenue in several periods, the organization likely draws from its assets or relies on prior year surpluses to cover the difference. For example, in 202308, expenses were $2,876,378 against revenue of $2,236,630, a deficit of $639,748.
Filing History
IRS 990 filing history for Home For Contemporary Theatre And Art Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home For Contemporary Theatre And Art Ltd's revenue has grown by 61.4%, moving from $1.4M to $2.2M. Total assets decreased by 23.1% over the same period, from $4.2M to $3.2M. Total functional expenses rose by 83%, from $1.6M to $2.9M. In its most recent filing year (2023), Home For Contemporary Theatre And Art Ltd reported a deficit of $640K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $3.2M in assets (debt-to-asset ratio: 47.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.9M | $3.2M | $1.5M | — | — |
| 2022 | $3.1M | $3.7M | $3.9M | $1.7M | — | View 990 |
| 2021 | $3.1M | $1.9M | $5.1M | $2.2M | — | — |
| 2020 | $2.0M | $2.9M | $3.9M | $2.1M | — | View 990 |
| 2019 | $2.7M | $2.9M | $4.4M | $1.7M | — | View 990 |
| 2018 | $4.0M | $3.3M | $4.8M | $1.9M | — | View 990 |
| 2017 | $2.1M | $2.1M | $3.9M | $1.6M | — | View 990 |
| 2016 | $2.1M | $2.0M | $3.9M | $1.6M | — | View 990 |
| 2015 | $2.2M | $1.7M | $3.9M | $1.7M | — | View 990 |
| 2014 | $1.3M | $1.9M | $3.4M | $1.7M | — | View 990 |
| 2013 | $1.6M | $2.0M | $3.7M | $1.4M | — | View 990 |
| 2012 | $1.9M | $1.6M | $4.2M | $1.4M | — | View 990 |
| 2011 | $1.4M | $1.6M | $4.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.9M, and assets of $3.2M (revenue -26.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.7M, and assets of $3.9M (revenue -0.6% year-over-year).
- 2021: Revenue of $3.1M, expenses of $1.9M, and assets of $5.1M (revenue +54.0% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.9M, and assets of $3.9M (revenue -25.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.9M, and assets of $4.4M (revenue -32.4% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.3M, and assets of $4.8M (revenue +85.2% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $3.9M (revenue +0.9% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $3.9M (revenue -2.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.7M, and assets of $3.9M (revenue +70.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.9M, and assets of $3.4M (revenue -19.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $2.0M, and assets of $3.7M (revenue -14.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.6M, and assets of $4.2M (revenue +33.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.6M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home For Contemporary Theatre And Art Ltd:
Data Sources and Methodology
This transparency report for Home For Contemporary Theatre And Art Ltd 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.