Lemars Community Theatre Inc
EIN: 421206185 · Le Mars, IA · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $59K |
| Net Assets | $180K |
Is Lemars Community Theatre Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lemars Community Theatre Inc
Lemars Community Theatre Inc (EIN: 421206185) is a nonprofit organization based in Le Mars, IA, classified under NTEE code A650. The organization reported total revenue of $73K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lemars Community Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lemars Community Theatre Inc is a micro nonprofit that has been operating for 45 years, with 4 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $59K |
| Surplus / Deficit | +$3K |
| Total Assets | $180K |
| Net Assets | $180K |
| Operating Margin | 4.9% |
| Months of Reserves | 36.7 months |
Financial Health Grade: A
In 2023, Lemars Community Theatre Inc reported a surplus of $3K with revenue exceeding expenses, holds 36.7 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2023), Lemars Community Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.3% | +40.4% | +1.7% |
| 2022 | +143.4% | +149.2% | +40.4% |
| 2015 | -36.2% | -71.8% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lemars Community Theatre Inc 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 Lemars Community Theatre Inc 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 surplus of $3K, with revenue exceeding expenses.
Frequently Asked Questions about Lemars Community Theatre Inc
Is Lemars Community Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lemars Community Theatre Inc (EIN: 421206185) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lemars Community Theatre Inc spend its money?
Detailed spending breakdown data is not yet available for Lemars Community Theatre Inc. Check back for updated IRS 990 analysis.
Are donations to Lemars Community Theatre Inc tax-deductible?
Lemars Community Theatre Inc is registered as a tax-exempt nonprofit (EIN: 421206185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lemars Community Theatre Inc located?
Lemars Community Theatre Inc is headquartered in Le Mars, Iowa and files with the IRS under EIN 421206185. It is classified under NTEE code A650.
How many years of IRS 990 filings does Lemars Community Theatre Inc have?
Lemars Community Theatre Inc has 4 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 $73K in total revenue.
Filing History
IRS 990 filing history for Lemars Community Theatre Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2023), Lemars Community Theatre Inc's revenue has grown by 9.7%, moving from $57K to $62K. Total assets increased by 59.3% over the same period, from $113K to $180K. Total functional expenses fell by 1.3%, from $60K to $59K. In its most recent filing year (2023), Lemars Community Theatre Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $59K | $180K | $0 | — | — |
| 2022 | $88K | $42K | $177K | $0 | — | — |
| 2015 | $36K | $17K | $126K | $0 | — | View 990 |
| 2011 | $57K | $60K | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $59K, and assets of $180K (revenue -29.3% year-over-year).
- 2022: Revenue of $88K, expenses of $42K, and assets of $177K (revenue +143.4% year-over-year).
- 2015: Revenue of $36K, expenses of $17K, and assets of $126K (revenue -36.2% year-over-year).
- 2011: Revenue of $57K, expenses of $60K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lemars Community Theatre Inc:
Data Sources and Methodology
This transparency report for Lemars Community Theatre 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.