Joyce Theater Foundation Inc
Joyce Theater Foundation maintains stable assets and low liabilities, with 0% reported officer compensation.
EIN: 133038262 · New York, NY · NTEE: A620 · Updated: 2026-03-28
Is Joyce Theater Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joyce Theater Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joyce Theater Foundation Inc
Joyce Theater Foundation Inc (EIN: 133038262) is a nonprofit organization based in New York, NY, classified under NTEE code A620. The organization reported total revenue of $27.0M and total assets of $76.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joyce Theater Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joyce Theater Foundation Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Joyce Theater Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests that executive compensation may be paid through a related entity, reported under different expense categories, or that officers are uncompensated, which would be a significant strength in terms of resource allocation.
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 Joyce Theater Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023: $1.7M deficit) indicate spending exceeding revenue.
- Unusual reporting of 0% officer compensation across all filings, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Joyce Theater Foundation Inc:
- Strong asset base, growing from $45.8M in 2015 to $60M in 2023, providing financial stability.
- Low liabilities relative to assets (e.g., $4.5M liabilities vs. $60M assets in 2023), indicating good debt management.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds to mission or alternative compensation structures.
- NTEE code A620 (Performing Arts Centers) aligns with the organization's name, indicating a clear mission focus.
Frequently Asked Questions about Joyce Theater Foundation Inc
Is Joyce Theater Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joyce Theater Foundation Inc (EIN: 133038262) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Joyce Theater Foundation Inc spend its money?
Joyce Theater Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joyce Theater Foundation Inc tax-deductible?
Joyce Theater Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133038262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Joyce Theater Foundation Inc. manage executive compensation if 0% is consistently reported?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive compensation may be paid through a related entity, reported under different expense categories (e.g., program or administrative expenses), or that officers are genuinely uncompensated. Further investigation into their detailed financial statements would be needed to understand this structure.
What is the primary source of revenue for the organization, given the fluctuations?
The provided data shows revenue fluctuations, for example, from $14,438,714 in 2021 to $11,655,562 in 2023. Without detailed breakdowns of revenue streams (e.g., ticket sales, grants, contributions), it's difficult to pinpoint the primary source. However, the NTEE code A620 (Performing Arts Centers) suggests a mix of earned revenue (ticket sales, rentals) and contributed revenue (donations, grants).
Are the operational deficits in some years sustainable?
The organization has experienced operational deficits in several years, such as 2023 (Expenses $13,367,597 vs. Revenue $11,655,562) and 2022 (Expenses $13,943,902 vs. Revenue $13,871,756). While the organization has substantial assets ($60,029,989 in 2023) that can absorb these deficits in the short term, a consistent pattern of spending more than it earns could erode reserves over time and impact long-term sustainability if not addressed.
Filing History
IRS 990 filing history for Joyce Theater Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joyce Theater Foundation Inc's revenue has grown by 33.1%, moving from $8.8M to $11.7M. Total assets increased by 218.4% over the same period, from $18.9M to $60.0M. Total functional expenses rose by 59.6%, from $8.4M to $13.4M. In its most recent filing year (2023), Joyce Theater Foundation Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $60.0M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $55.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.7M | $13.4M | $60.0M | $4.6M | — | View 990 |
| 2022 | $13.9M | $13.9M | $59.9M | $4.2M | — | View 990 |
| 2021 | $14.4M | $6.1M | $65.0M | $5.2M | — | — |
| 2020 | $11.9M | $9.0M | $53.3M | $4.8M | — | — |
| 2019 | $12.9M | $11.6M | $49.3M | $4.8M | — | View 990 |
| 2018 | $9.9M | $10.0M | $49.3M | $4.8M | — | View 990 |
| 2017 | $11.8M | $11.9M | $49.3M | $5.0M | — | View 990 |
| 2016 | $12.2M | $12.7M | $49.1M | $5.2M | — | View 990 |
| 2015 | $14.2M | $13.7M | $45.8M | $994K | — | View 990 |
| 2014 | $9.3M | $10.4M | $46.7M | $1.2M | — | View 990 |
| 2013 | $36.7M | $9.7M | $45.5M | $829K | — | View 990 |
| 2012 | $9.2M | $9.8M | $21.2M | $3.5M | — | View 990 |
| 2011 | $8.8M | $8.4M | $18.9M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.7M, expenses of $13.4M, and assets of $60.0M (revenue -16.0% year-over-year).
- 2022: Revenue of $13.9M, expenses of $13.9M, and assets of $59.9M (revenue -3.9% year-over-year).
- 2021: Revenue of $14.4M, expenses of $6.1M, and assets of $65.0M (revenue +21.0% year-over-year).
- 2020: Revenue of $11.9M, expenses of $9.0M, and assets of $53.3M (revenue -7.7% year-over-year).
- 2019: Revenue of $12.9M, expenses of $11.6M, and assets of $49.3M (revenue +31.1% year-over-year).
- 2018: Revenue of $9.9M, expenses of $10.0M, and assets of $49.3M (revenue -16.3% year-over-year).
- 2017: Revenue of $11.8M, expenses of $11.9M, and assets of $49.3M (revenue -3.7% year-over-year).
- 2016: Revenue of $12.2M, expenses of $12.7M, and assets of $49.1M (revenue -13.6% year-over-year).
- 2015: Revenue of $14.2M, expenses of $13.7M, and assets of $45.8M (revenue +52.3% year-over-year).
- 2014: Revenue of $9.3M, expenses of $10.4M, and assets of $46.7M (revenue -74.6% year-over-year).
- 2013: Revenue of $36.7M, expenses of $9.7M, and assets of $45.5M (revenue +299.7% year-over-year).
- 2012: Revenue of $9.2M, expenses of $9.8M, and assets of $21.2M (revenue +4.8% year-over-year).
- 2011: Revenue of $8.8M, expenses of $8.4M, and assets of $18.9M.
Data Sources and Methodology
This transparency report for Joyce Theater Foundation Inc 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.