Kearney Community Theatre
EIN: 470604962 · Kearney, NE · NTEE: A65Z
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $224K |
| Net Assets | $427K |
Is Kearney Community Theatre Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kearney Community Theatre
Kearney Community Theatre (EIN: 470604962) is a nonprofit organization based in Kearney, NE, classified under NTEE code A65Z. The organization reported total revenue of $283K and total assets of $555K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kearney Community Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kearney Community Theatre is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $224K |
| Surplus / Deficit | $-39,491 |
| Total Assets | $567K |
| Total Liabilities | $140K |
| Net Assets | $427K |
| Operating Margin | -21.4% |
| Debt-to-Asset Ratio | 24.7% |
| Months of Reserves | 30.3 months |
Financial Health Grade: B
In 2023, Kearney Community Theatre reported a deficit of $39K with expenses exceeding revenue, holds 30.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kearney Community Theatre's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.3% | -1.1% | -8.0% |
| 2022 | -12.5% | +7.8% | -15.3% |
| 2021 | +23.6% | +11.5% | +7.1% |
| 2020 | -19.8% | -8.2% | +26.4% |
| 2019 | -3.4% | -0.3% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kearney Community 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 Kearney Community 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 deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.7%.
Frequently Asked Questions about Kearney Community Theatre
Is Kearney Community Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Kearney Community Theatre (EIN: 470604962) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kearney Community Theatre spend its money?
Detailed spending breakdown data is not yet available for Kearney Community Theatre. Check back for updated IRS 990 analysis.
Are donations to Kearney Community Theatre tax-deductible?
Kearney Community Theatre is registered as a tax-exempt nonprofit (EIN: 470604962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kearney Community Theatre located?
Kearney Community Theatre is headquartered in Kearney, Nebraska and files with the IRS under EIN 470604962. It is classified under NTEE code A65Z.
How many years of IRS 990 filings does Kearney Community Theatre have?
Kearney Community 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 $283K in total revenue.
Filing History
IRS 990 filing history for Kearney Community Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kearney Community Theatre's revenue has declined by 16.2%, moving from $220K to $185K. Total assets increased by 46.1% over the same period, from $388K to $567K. Total functional expenses fell by 0%, from $224K to $224K. In its most recent filing year (2023), Kearney Community Theatre reported a deficit of $39K, with expenses exceeding revenue. The organization holds $140K in liabilities against $567K in assets (debt-to-asset ratio: 24.7%), resulting in net assets of $427K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $224K | $567K | $140K | — | View 990 |
| 2022 | $191K | $227K | $616K | $150K | — | View 990 |
| 2021 | $218K | $210K | $727K | $225K | — | View 990 |
| 2020 | $176K | $189K | $679K | $185K | — | View 990 |
| 2019 | $220K | $205K | $537K | $31K | — | View 990 |
| 2018 | $228K | $206K | $514K | $22K | — | View 990 |
| 2017 | $250K | $238K | $500K | $30K | — | View 990 |
| 2016 | $315K | $271K | $485K | $27K | — | View 990 |
| 2015 | $257K | $253K | $447K | $34K | — | View 990 |
| 2014 | $281K | $247K | $441K | $32K | — | View 990 |
| 2013 | $234K | $227K | $410K | $35K | — | View 990 |
| 2012 | $230K | $218K | $404K | $36K | — | View 990 |
| 2011 | $220K | $224K | $388K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $224K, and assets of $567K (revenue -3.3% year-over-year).
- 2022: Revenue of $191K, expenses of $227K, and assets of $616K (revenue -12.5% year-over-year).
- 2021: Revenue of $218K, expenses of $210K, and assets of $727K (revenue +23.6% year-over-year).
- 2020: Revenue of $176K, expenses of $189K, and assets of $679K (revenue -19.8% year-over-year).
- 2019: Revenue of $220K, expenses of $205K, and assets of $537K (revenue -3.4% year-over-year).
- 2018: Revenue of $228K, expenses of $206K, and assets of $514K (revenue -8.9% year-over-year).
- 2017: Revenue of $250K, expenses of $238K, and assets of $500K (revenue -20.8% year-over-year).
- 2016: Revenue of $315K, expenses of $271K, and assets of $485K (revenue +22.8% year-over-year).
- 2015: Revenue of $257K, expenses of $253K, and assets of $447K (revenue -8.5% year-over-year).
- 2014: Revenue of $281K, expenses of $247K, and assets of $441K (revenue +19.7% year-over-year).
- 2013: Revenue of $234K, expenses of $227K, and assets of $410K (revenue +2.0% year-over-year).
- 2012: Revenue of $230K, expenses of $218K, and assets of $404K (revenue +4.3% year-over-year).
- 2011: Revenue of $220K, expenses of $224K, and assets of $388K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kearney Community Theatre:
Data Sources and Methodology
This transparency report for Kearney Community 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.