Local Theater Company
EIN: 452208855 · Boulder, CO · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $532K |
| Total Expenses | $405K |
| Net Assets | $-5,662 |
Is Local Theater Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Local Theater Company
Local Theater Company (EIN: 452208855) is a nonprofit organization based in Boulder, CO, classified under NTEE code A65. The organization reported total revenue of $532K and total assets of $77K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Theater Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Theater Company is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $445K |
| Total Expenses | $405K |
| Surplus / Deficit | +$40K |
| Total Assets | $196K |
| Total Liabilities | $202K |
| Net Assets | $-5,662 |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 102.9% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2022, Local Theater Company reported a surplus of $40K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 102.9% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Local Theater Company's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +38.3% | -3.5% | +41.1% |
| 2021 | +3.8% | +80.2% | +3.3% |
| 2020 | +7.1% | -30.6% | +720.4% |
| 2019 | -4.1% | +13.9% | -42.7% |
| 2018 | +28.8% | +26.1% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Local Theater Company 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 Local Theater Company 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 102.9%.
Frequently Asked Questions about Local Theater Company
Is Local Theater Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Local Theater Company (EIN: 452208855) insufficient data. 0 red flags identified, 0 strengths noted.
How does Local Theater Company spend its money?
Detailed spending breakdown data is not yet available for Local Theater Company. Check back for updated IRS 990 analysis.
Are donations to Local Theater Company tax-deductible?
Local Theater Company is registered as a tax-exempt nonprofit (EIN: 452208855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local Theater Company located?
Local Theater Company is headquartered in Boulder, Colorado and files with the IRS under EIN 452208855. It is classified under NTEE code A65.
How many years of IRS 990 filings does Local Theater Company have?
Local Theater Company 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 $532K in total revenue.
Filing History
IRS 990 filing history for Local Theater Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Local Theater Company's revenue has grown by 250.7%, moving from $127K to $445K. Total assets increased by 187% over the same period, from $68K to $196K. Total functional expenses rose by 453.6%, from $73K to $405K. In its most recent filing year (2022), Local Theater Company reported a surplus of $40K, with revenue exceeding expenses. The organization holds $202K in liabilities against $196K in assets (debt-to-asset ratio: 102.9%), resulting in net assets of $-5,662.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $445K | $405K | $196K | $202K | — | View 990 |
| 2021 | $322K | $420K | $139K | $185K | — | View 990 |
| 2020 | $310K | $233K | $134K | $83K | — | View 990 |
| 2019 | $289K | $336K | $16K | $42K | — | View 990 |
| 2018 | $302K | $295K | $29K | $8K | — | View 990 |
| 2017 | $234K | $234K | $32K | $11K | — | View 990 |
| 2016 | $134K | $123K | $21K | $0 | — | View 990 |
| 2015 | $112K | $128K | $11K | $732 | — | View 990 |
| 2014 | $82K | $75K | $27K | $50 | — | View 990 |
| 2013 | $69K | $69K | $42K | $21K | — | View 990 |
| 2012 | $30K | $64K | $41K | $20K | — | View 990 |
| 2011 | $127K | $73K | $68K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $445K, expenses of $405K, and assets of $196K (revenue +38.3% year-over-year).
- 2021: Revenue of $322K, expenses of $420K, and assets of $139K (revenue +3.8% year-over-year).
- 2020: Revenue of $310K, expenses of $233K, and assets of $134K (revenue +7.1% year-over-year).
- 2019: Revenue of $289K, expenses of $336K, and assets of $16K (revenue -4.1% year-over-year).
- 2018: Revenue of $302K, expenses of $295K, and assets of $29K (revenue +28.8% year-over-year).
- 2017: Revenue of $234K, expenses of $234K, and assets of $32K (revenue +74.8% year-over-year).
- 2016: Revenue of $134K, expenses of $123K, and assets of $21K (revenue +19.8% year-over-year).
- 2015: Revenue of $112K, expenses of $128K, and assets of $11K (revenue +36.9% year-over-year).
- 2014: Revenue of $82K, expenses of $75K, and assets of $27K (revenue +17.5% year-over-year).
- 2013: Revenue of $69K, expenses of $69K, and assets of $42K (revenue +130.5% year-over-year).
- 2012: Revenue of $30K, expenses of $64K, and assets of $41K (revenue -76.2% year-over-year).
- 2011: Revenue of $127K, expenses of $73K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Theater Company:
Data Sources and Methodology
This transparency report for Local Theater Company 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.