Little Theatre Of Virginia Beach Inc
EIN: 546046779 · Virginia Bch, VA · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $278K |
| Net Assets | $735K |
Is Little Theatre Of Virginia Beach Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Little Theatre Of Virginia Beach Inc
Little Theatre Of Virginia Beach Inc (EIN: 546046779) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code A650. The organization reported total revenue of $1.1M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Theatre Of Virginia Beach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Theatre Of Virginia Beach Inc is a mid-size nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $447K |
| Total Expenses | $278K |
| Surplus / Deficit | +$169K |
| Total Assets | $780K |
| Total Liabilities | $45K |
| Net Assets | $735K |
| Operating Margin | 37.9% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 33.7 months |
Financial Health Grade: A
In 2023, Little Theatre Of Virginia Beach Inc reported a surplus of $169K with revenue exceeding expenses, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Little Theatre Of Virginia Beach Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.1% | +25.7% | +40.5% |
| 2022 | +107.2% | +56.1% | +26.5% |
| 2020 | -42.9% | -12.8% | +6.7% |
| 2019 | +79.7% | +9.4% | +43.8% |
| 2018 | +0.2% | -0.7% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Little Theatre Of Virginia Beach 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 Little Theatre Of Virginia Beach 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 $169K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Frequently Asked Questions about Little Theatre Of Virginia Beach Inc
Is Little Theatre Of Virginia Beach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Theatre Of Virginia Beach Inc (EIN: 546046779) insufficient data. 0 red flags identified, 0 strengths noted.
How does Little Theatre Of Virginia Beach Inc spend its money?
Detailed spending breakdown data is not yet available for Little Theatre Of Virginia Beach Inc. Check back for updated IRS 990 analysis.
Are donations to Little Theatre Of Virginia Beach Inc tax-deductible?
Little Theatre Of Virginia Beach Inc is registered as a tax-exempt nonprofit (EIN: 546046779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Little Theatre Of Virginia Beach Inc located?
Little Theatre Of Virginia Beach Inc is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 546046779. It is classified under NTEE code A650.
How many years of IRS 990 filings does Little Theatre Of Virginia Beach Inc have?
Little Theatre Of Virginia Beach Inc has 12 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Little Theatre Of Virginia Beach Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Little Theatre Of Virginia Beach Inc's revenue has grown by 228.9%, moving from $136K to $447K. Total assets increased by 251.4% over the same period, from $222K to $780K. Total functional expenses rose by 115.8%, from $129K to $278K. In its most recent filing year (2023), Little Theatre Of Virginia Beach Inc reported a surplus of $169K, with revenue exceeding expenses. The organization holds $45K in liabilities against $780K in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $735K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $447K | $278K | $780K | $45K | — | View 990 |
| 2022 | $343K | $221K | $555K | $3K | — | View 990 |
| 2020 | $166K | $141K | $439K | $13K | — | — |
| 2019 | $290K | $162K | $411K | $9K | — | View 990 |
| 2018 | $162K | $148K | $286K | $12K | — | View 990 |
| 2017 | $161K | $149K | $275K | $15K | — | View 990 |
| 2016 | $174K | $155K | $270K | $21K | — | View 990 |
| 2015 | $138K | $128K | $241K | $12K | — | View 990 |
| 2014 | $125K | $115K | $228K | $8K | — | View 990 |
| 2013 | $139K | $126K | $223K | $14K | — | View 990 |
| 2012 | $138K | $138K | $217K | $21K | — | View 990 |
| 2011 | $136K | $129K | $222K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $447K, expenses of $278K, and assets of $780K (revenue +30.1% year-over-year).
- 2022: Revenue of $343K, expenses of $221K, and assets of $555K (revenue +107.2% year-over-year).
- 2020: Revenue of $166K, expenses of $141K, and assets of $439K (revenue -42.9% year-over-year).
- 2019: Revenue of $290K, expenses of $162K, and assets of $411K (revenue +79.7% year-over-year).
- 2018: Revenue of $162K, expenses of $148K, and assets of $286K (revenue +0.2% year-over-year).
- 2017: Revenue of $161K, expenses of $149K, and assets of $275K (revenue -7.3% year-over-year).
- 2016: Revenue of $174K, expenses of $155K, and assets of $270K (revenue +25.8% year-over-year).
- 2015: Revenue of $138K, expenses of $128K, and assets of $241K (revenue +10.7% year-over-year).
- 2014: Revenue of $125K, expenses of $115K, and assets of $228K (revenue -9.9% year-over-year).
- 2013: Revenue of $139K, expenses of $126K, and assets of $223K (revenue +0.4% year-over-year).
- 2012: Revenue of $138K, expenses of $138K, and assets of $217K (revenue +1.5% year-over-year).
- 2011: Revenue of $136K, expenses of $129K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Theatre Of Virginia Beach Inc:
Data Sources and Methodology
This transparency report for Little Theatre Of Virginia Beach 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.