Iola Theatre Association
EIN: 872929235 · Iola, KS · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $141K |
| Net Assets | $298K |
Is Iola Theatre Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iola Theatre Association
Iola Theatre Association (EIN: 872929235) is a nonprofit organization based in Iola, KS, classified under NTEE code P20. The organization reported total revenue of $167K and total assets of $293K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iola Theatre Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iola Theatre Association is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 257.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $309K |
| Total Expenses | $141K |
| Surplus / Deficit | +$168K |
| Total Assets | $298K |
| Net Assets | $298K |
| Operating Margin | 54.5% |
| Months of Reserves | 25.4 months |
Financial Health Grade: A
In 2024, Iola Theatre Association reported a surplus of $168K with revenue exceeding expenses, holds 25.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2022–2024), Iola Theatre Association's revenue has grown at a compound annual growth rate (CAGR) of 257.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +187.6% | +1221.5% | +130.0% |
| 2023 | +343.5% | +798.5% | +461.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iola Theatre Association 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 Iola Theatre Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $168K, with revenue exceeding expenses.
Frequently Asked Questions about Iola Theatre Association
Is Iola Theatre Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Iola Theatre Association (EIN: 872929235) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iola Theatre Association spend its money?
Detailed spending breakdown data is not yet available for Iola Theatre Association. Check back for updated IRS 990 analysis.
Are donations to Iola Theatre Association tax-deductible?
Iola Theatre Association is registered as a tax-exempt nonprofit (EIN: 872929235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iola Theatre Association located?
Iola Theatre Association is headquartered in Iola, Kansas and files with the IRS under EIN 872929235. It is classified under NTEE code P20.
How many years of IRS 990 filings does Iola Theatre Association have?
Iola Theatre Association has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $167K in total revenue.
Filing History
IRS 990 filing history for Iola Theatre Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Iola Theatre Association's revenue has grown by 1175.5%, moving from $24K to $309K. Total assets increased by 1191.9% over the same period, from $23K to $298K. Total functional expenses rose by 11773.2%, from $1K to $141K. In its most recent filing year (2024), Iola Theatre Association reported a surplus of $168K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $309K | $141K | $298K | $0 | — | — |
| 2023 | $107K | $11K | $129K | $13K | — | View 990 |
| 2022 | $24K | $1K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $309K, expenses of $141K, and assets of $298K (revenue +187.6% year-over-year).
- 2023: Revenue of $107K, expenses of $11K, and assets of $129K (revenue +343.5% year-over-year).
- 2022: Revenue of $24K, expenses of $1K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iola Theatre Association:
Data Sources and Methodology
This transparency report for Iola Theatre Association 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.