Lake City Capri Theatre
Lake City Capri Theatre maintains strong assets and zero liabilities despite fluctuating revenues, operating with no officer compensation.
EIN: 161647966 · Lake City, IA · NTEE: A65 · Updated: 2026-03-28
Is Lake City Capri Theatre Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake City Capri Theatre directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake City Capri Theatre
Lake City Capri Theatre (EIN: 161647966) is a nonprofit organization based in Lake City, IA, classified under NTEE code A65. The organization reported total revenue of $54K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake City Capri Theatre'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 Lake City Capri Theatre with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lake City Capri Theatre allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization. This significantly reduces administrative overhead and allows more funds to be directed towards the organization's mission, especially for an organization with annual revenues typically under $100,000.
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 Lake City Capri Theatre's IRS 990 filings:
- Significant decline in revenue from $84,051 in 2016 to $23,674 in 2023, warranting monitoring.
Strengths
The following positive indicators were identified for Lake City Capri Theatre:
- Consistent reporting of $0 liabilities, indicating strong financial management and no debt.
- 0% officer compensation across all filings, demonstrating a volunteer-driven model and high efficiency.
- Healthy asset base of $190,503 relative to its annual revenue, providing financial resilience.
- Long history of IRS 990 filings (13 filings), indicating transparency and consistent compliance.
Frequently Asked Questions about Lake City Capri Theatre
Is Lake City Capri Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake City Capri Theatre (EIN: 161647966) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Lake City Capri Theatre spend its money?
Lake City Capri Theatre directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake City Capri Theatre tax-deductible?
Lake City Capri Theatre is registered as a tax-exempt nonprofit (EIN: 161647966). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lake City Capri Theatre financially stable?
Yes, Lake City Capri Theatre appears financially stable. It has consistently maintained assets above $150,000 for the past decade, reaching $190,503 in its latest filing, and has reported $0 in liabilities across all 13 filings, indicating no debt.
How efficient is Lake City Capri Theatre with its spending?
The organization demonstrates high spending efficiency, primarily due to reporting 0% officer compensation in all available filings. This suggests that nearly all operational expenses are directed towards program delivery and essential administrative functions, with minimal overhead for leadership salaries.
What is the trend in Lake City Capri Theatre's revenue?
Lake City Capri Theatre's revenue has fluctuated over the past decade, with a general downward trend from a high of $84,051 in 2016 to $23,674 in 2023, though it saw a rebound to $44,035 in 2022.
Does Lake City Capri Theatre have any debt?
No, Lake City Capri Theatre has consistently reported $0 in liabilities across all 13 available IRS 990 filings, indicating it operates without debt.
Filing History
IRS 990 filing history for Lake City Capri Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake City Capri Theatre's revenue has declined by 80.1%, moving from $119K to $24K. Total assets increased by 9.9% over the same period, from $167K to $184K. Total functional expenses fell by 84.6%, from $179K to $28K. In its most recent filing year (2023), Lake City Capri Theatre reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $28K | $184K | $0 | — | View 990 |
| 2022 | $44K | $29K | $187K | $0 | — | View 990 |
| 2021 | $55K | $39K | $172K | $0 | — | — |
| 2020 | $69K | $73K | $155K | $0 | — | View 990 |
| 2019 | $69K | $72K | $159K | $0 | — | View 990 |
| 2018 | $82K | $84K | $162K | $0 | — | View 990 |
| 2017 | $74K | $81K | $164K | $0 | — | View 990 |
| 2016 | $84K | $80K | $171K | $0 | — | View 990 |
| 2015 | $81K | $92K | $167K | $0 | — | View 990 |
| 2014 | $83K | $85K | $177K | $0 | — | View 990 |
| 2013 | $88K | $86K | $181K | $0 | — | View 990 |
| 2012 | $114K | $102K | $179K | $0 | — | View 990 |
| 2011 | $119K | $179K | $167K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $28K, and assets of $184K (revenue -46.2% year-over-year).
- 2022: Revenue of $44K, expenses of $29K, and assets of $187K (revenue -20.3% year-over-year).
- 2021: Revenue of $55K, expenses of $39K, and assets of $172K (revenue -20.2% year-over-year).
- 2020: Revenue of $69K, expenses of $73K, and assets of $155K (revenue -0.1% year-over-year).
- 2019: Revenue of $69K, expenses of $72K, and assets of $159K (revenue -15.5% year-over-year).
- 2018: Revenue of $82K, expenses of $84K, and assets of $162K (revenue +10.5% year-over-year).
- 2017: Revenue of $74K, expenses of $81K, and assets of $164K (revenue -11.8% year-over-year).
- 2016: Revenue of $84K, expenses of $80K, and assets of $171K (revenue +4.4% year-over-year).
- 2015: Revenue of $81K, expenses of $92K, and assets of $167K (revenue -3.2% year-over-year).
- 2014: Revenue of $83K, expenses of $85K, and assets of $177K (revenue -5.6% year-over-year).
- 2013: Revenue of $88K, expenses of $86K, and assets of $181K (revenue -22.8% year-over-year).
- 2012: Revenue of $114K, expenses of $102K, and assets of $179K (revenue -4.1% year-over-year).
- 2011: Revenue of $119K, expenses of $179K, and assets of $167K.
Data Sources and Methodology
This transparency report for Lake City Capri 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.