Marthas Vineyard Playhouse Inc
Marthas Vineyard Playhouse: Navigating Financial Fluctuations with Strong Asset Base
EIN: 222518286 · Vineyard Hvn, MA · Updated: 2026-04-04
About Marthas Vineyard Playhouse Inc
Marthas Vineyard Playhouse Inc (EIN: 222518286) is a nonprofit organization based in Vineyard Hvn, MA. The organization reported total revenue of $694K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marthas Vineyard Playhouse Inc'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 Marthas Vineyard Playhouse Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Marthas Vineyard Playhouse Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing an assessment.
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 Marthas Vineyard Playhouse Inc's IRS 990 filings:
- Revenue has shown significant year-over-year fluctuations, from $1,355,110 in 2022 to $739,985 in 2023, indicating potential instability in funding streams.
- Expenses exceeded revenue in 2023 ($883,813 expenses vs. $739,985 revenue), leading to a deficit for the year.
Strengths
The following positive indicators were identified for Marthas Vineyard Playhouse Inc:
- The organization maintains a healthy asset base, with total assets consistently above $2 million, reaching $2,936,209 in 2023.
- Despite revenue fluctuations, the organization has managed to maintain a relatively stable liability profile, with liabilities at $780,832 in 2023.
- The organization has demonstrated resilience, continuing operations despite periods of revenue decline.
Frequently Asked Questions about Marthas Vineyard Playhouse Inc
What does Marthas Vineyard Playhouse Inc do?
Marthas Vineyard Playhouse Inc is a nonprofit organization in the Unknown sector, located in Vineyard Hvn, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Marthas Vineyard Playhouse Inc have?
Marthas Vineyard Playhouse Inc reported total revenue of $693,570. Based on 13 IRS 990 filings on record.
What are Marthas Vineyard Playhouse Inc's total assets?
Marthas Vineyard Playhouse Inc holds total assets of $2,879,128 as reported in IRS 990 filings.
Where is Marthas Vineyard Playhouse Inc located?
Marthas Vineyard Playhouse Inc is based in Vineyard Hvn, Massachusetts.
What is Marthas Vineyard Playhouse Inc's EIN?
Marthas Vineyard Playhouse Inc's Employer Identification Number (EIN) is 222518286. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Marthas Vineyard Playhouse Inc?
Marthas Vineyard Playhouse Inc is classified under NTEE code Unknown (Unknown).
Is Marthas Vineyard Playhouse Inc a registered 501(c)(3)?
Marthas Vineyard Playhouse Inc appears in IRS records (EIN: 222518286). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Marthas Vineyard Playhouse Inc file IRS Form 990?
Yes, Marthas Vineyard Playhouse Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Marthas Vineyard Playhouse Inc's revenue in 2023?
In the 202312 filing period, Marthas Vineyard Playhouse Inc reported total revenue of $739,985, total expenses of $883,813, and net assets of $2,936,209.
Is Marthas Vineyard Playhouse Inc's revenue growing or declining?
Marthas Vineyard Playhouse Inc's revenue is declining. Revenue went from $1,355,110 (202212) to $739,985 (202312), a -45.4% change. Based on 13 filings on record.
What is Marthas Vineyard Playhouse Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Marthas Vineyard Playhouse Inc covers tax period 202312. It shows revenue of $739,985, expenses of $883,813, total assets of $2,936,209, and liabilities of $780,832.
How much does Marthas Vineyard Playhouse Inc spend on programs vs administration?
Based on IRS 990 analysis, Marthas Vineyard Playhouse Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Marthas Vineyard Playhouse Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Marthas Vineyard Playhouse Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Marthas Vineyard Playhouse Inc?
The following concerns were identified: Revenue has shown significant year-over-year fluctuations, from $1,355,110 in 2022 to $739,985 in 2023, indicating potential instability in funding streams.. Expenses exceeded revenue in 2023 ($883,813 expenses vs. $739,985 revenue), leading to a deficit for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Marthas Vineyard Playhouse Inc's strengths?
Positive indicators for Marthas Vineyard Playhouse Inc include: The organization maintains a healthy asset base, with total assets consistently above $2 million, reaching $2,936,209 in 2023.. Despite revenue fluctuations, the organization has managed to maintain a relatively stable liability profile, with liabilities at $780,832 in 2023.. The organization has demonstrated resilience, continuing operations despite periods of revenue decline.. These findings are derived from AI analysis of the organization's financial filings.
How does Marthas Vineyard Playhouse Inc compensate executives?
Executive compensation information is not provided in the given data, preventing an assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Marthas Vineyard Playhouse Inc?
• The organization's financial filings are publicly accessible, providing a basic level of transparency. • Detailed program spending breakdowns are not immediately apparent from the provided high-level financial data. • No specific transparency report or detailed impact report was readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant revenue drop from $1,355,110 in 2022 to $739,985 in 2023, what specific strategies are in place to stabilize and grow funding for future years?
Without additional context, it's unclear if this drop is due to a specific event, a change in funding model, or a broader trend. A detailed fundraising strategy and donor retention plan would be crucial to address this volatility.
How does the organization manage its programming and operational costs to ensure sustainability, especially in years where expenses ($883,813 in 2023) exceed revenue ($739,985 in 2023)?
The organization likely draws upon its substantial asset base to cover shortfalls in years where expenses outpace revenue. However, sustained deficits could erode these assets over time, necessitating a review of cost-cutting measures or increased revenue generation.
Filing History
IRS 990 filing history for Marthas Vineyard Playhouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marthas Vineyard Playhouse Inc's revenue has declined by 5.5%, moving from $783K to $740K. Total assets increased by 331.2% over the same period, from $681K to $2.9M. Total functional expenses rose by 110.6%, from $420K to $884K. In its most recent filing year (2023), Marthas Vineyard Playhouse Inc reported a deficit of $144K, with expenses exceeding revenue. The organization holds $781K in liabilities against $2.9M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $740K | $884K | $2.9M | $781K | — | — |
| 2022 | $1.4M | $654K | $2.9M | $611K | — | View 990 |
| 2021 | $545K | $505K | $2.2M | $615K | — | View 990 |
| 2020 | $266K | $449K | $2.2M | $659K | — | — |
| 2019 | $696K | $726K | $2.2M | $491K | — | View 990 |
| 2018 | $718K | $760K | $2.3M | $536K | — | View 990 |
| 2017 | $626K | $671K | $2.4M | $576K | — | View 990 |
| 2016 | $608K | $759K | $2.4M | $588K | — | View 990 |
| 2015 | $649K | $810K | $2.6M | $619K | — | View 990 |
| 2014 | $1.0M | $673K | $2.7M | $573K | — | View 990 |
| 2013 | $825K | $299K | $2.1M | $319K | — | View 990 |
| 2012 | $1.1M | $317K | $1.5M | $284K | — | View 990 |
| 2011 | $783K | $420K | $681K | $166K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $740K, expenses of $884K, and assets of $2.9M (revenue -45.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $654K, and assets of $2.9M (revenue +148.8% year-over-year).
- 2021: Revenue of $545K, expenses of $505K, and assets of $2.2M (revenue +105.1% year-over-year).
- 2020: Revenue of $266K, expenses of $449K, and assets of $2.2M (revenue -61.8% year-over-year).
- 2019: Revenue of $696K, expenses of $726K, and assets of $2.2M (revenue -3.1% year-over-year).
- 2018: Revenue of $718K, expenses of $760K, and assets of $2.3M (revenue +14.8% year-over-year).
- 2017: Revenue of $626K, expenses of $671K, and assets of $2.4M (revenue +2.9% year-over-year).
- 2016: Revenue of $608K, expenses of $759K, and assets of $2.4M (revenue -6.4% year-over-year).
- 2015: Revenue of $649K, expenses of $810K, and assets of $2.6M (revenue -36.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $673K, and assets of $2.7M (revenue +24.8% year-over-year).
- 2013: Revenue of $825K, expenses of $299K, and assets of $2.1M (revenue -21.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $317K, and assets of $1.5M (revenue +34.3% year-over-year).
- 2011: Revenue of $783K, expenses of $420K, and assets of $681K.
Data Sources and Methodology
This transparency report for Marthas Vineyard Playhouse 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.