Merry Go Round Playhouse Inc
Merry Go Round Playhouse Inc frequently operates at a deficit, with expenses exceeding revenue in recent years.
EIN: 150625507 · Auburn, NY · NTEE: A650 · Updated: 2026-03-28
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Merry Go Round Playhouse Inc is mapped to EIN 150625507.
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| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $5.0M |
| Program Spending | 75% |
| Net Assets | $1.6M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Merry Go Round Playhouse Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Merry Go Round Playhouse Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Merry Go Round Playhouse Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $4.2M and expenses of $5.0M.
Revenue and Expenses
Merry Go Round Playhouse Inc reported $4.2M in revenue and $5.0M in expenses, a deficit of $837K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Merry Go Round Playhouse Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.8M (75%) |
Across stored filings, Merry Go Round Playhouse Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
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Merry Go Round Playhouse Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merry Go Round Playhouse Inc
Merry Go Round Playhouse Inc (EIN: 150625507) is a nonprofit organization based in Auburn, NY, classified under NTEE code A650. The organization reported total revenue of $4.7M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merry Go Round Playhouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merry Go Round Playhouse Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-837,107 |
| Total Assets | $4.5M |
| Total Liabilities | $3.0M |
| Net Assets | $1.6M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 65.3% |
| Months of Reserves | 10.8 months |
Financial Health Grade: C
In 2023, Merry Go Round Playhouse Inc reported a deficit of $837K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 65.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Merry Go Round Playhouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.0% | +11.3% | -16.4% |
| 2022 | -50.1% | +28.2% | -6.4% |
| 2021 | +175.5% | +53.1% | +79.2% |
| 2020 | -47.7% | -47.9% | +11.5% |
| 2019 | +5.9% | +4.4% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Merry Go Round Playhouse Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Merry Go Round Playhouse Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $837K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.3%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all reported periods, which suggests either no compensation is paid to officers or it is reported under a different category not captured here. This is a positive indicator for resource allocation if accurate, especially for an organization with revenues in the millions.
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 Merry Go Round Playhouse Inc's IRS 990 filings:
- Frequent deficit spending, with expenses exceeding revenue in 6 out of the last 8 reported periods.
- Significant decrease in assets from $5,806,561 in 2021 to $4,544,038 in 2023, while liabilities remain high.
Strengths
The following positive indicators were identified for Merry Go Round Playhouse Inc:
- Long operating history with 13 IRS 990 filings, indicating established presence.
- No reported officer compensation, suggesting efficient use of funds at the executive level (if accurate).
- Significant revenue generation, consistently in the millions of dollars.
Frequently Asked Questions about Merry Go Round Playhouse Inc
Is Merry Go Round Playhouse Inc a legitimate charity?
Merry Go Round Playhouse Inc (EIN: 150625507) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Merry Go Round Playhouse Inc spend its money?
Merry Go Round Playhouse Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Merry Go Round Playhouse Inc tax-deductible?
Merry Go Round Playhouse Inc is registered as a tax-exempt nonprofit (EIN: 150625507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Merry Go Round Playhouse Inc's spending goes to programs?
Merry Go Round Playhouse Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Merry Go Round Playhouse Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Merry Go Round Playhouse Inc is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merry Go Round Playhouse Inc located?
Merry Go Round Playhouse Inc is headquartered in Auburn, New York and files with the IRS under EIN 150625507. It is classified under NTEE code A650.
How many years of IRS 990 filings does Merry Go Round Playhouse Inc have?
Merry Go Round Playhouse Inc has 13 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 $4.7M in total revenue.
Is Merry Go Round Playhouse Inc financially sustainable given its frequent deficit spending?
The organization has reported expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2019, 2018, 2017, 2016). This trend raises questions about its long-term financial sustainability and reliance on reserves or other funding mechanisms.
What is the true breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how expenses are allocated across programs, administration, and fundraising. A full IRS 990 filing would be needed to understand the organization's spending efficiency in these areas.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. It warrants further investigation to confirm if officers truly receive no compensation or if it's reported under a different expense category.
Filing History
IRS 990 filing history for Merry Go Round Playhouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Merry Go Round Playhouse Inc's revenue has grown by 29.6%, moving from $3.2M to $4.2M. Total assets increased by 10% over the same period, from $4.1M to $4.5M. Total functional expenses rose by 42.2%, from $3.5M to $5.0M. In its most recent filing year (2023), Merry Go Round Playhouse Inc reported a deficit of $837K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $4.5M in assets (debt-to-asset ratio: 65.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $5.0M | $4.5M | $3.0M | — | — |
| 2022 | $3.2M | $4.5M | $5.4M | $3.0M | — | View 990 |
| 2021 | $6.3M | $3.5M | $5.8M | $2.0M | — | View 990 |
| 2020 | $2.3M | $2.3M | $3.2M | $2.3M | — | View 990 |
| 2019 | $4.4M | $4.4M | $2.9M | $1.9M | — | View 990 |
| 2018 | $4.2M | $4.2M | $3.4M | $2.4M | — | View 990 |
| 2017 | $4.2M | $4.5M | $3.2M | $2.1M | — | View 990 |
| 2016 | $4.7M | $5.0M | $3.5M | $2.3M | — | View 990 |
| 2015 | $4.2M | $4.1M | $3.6M | $2.2M | — | View 990 |
| 2014 | $4.7M | $4.6M | $3.9M | $2.5M | — | View 990 |
| 2013 | $4.5M | $4.9M | $3.6M | $2.4M | — | View 990 |
| 2012 | $3.3M | $3.4M | $3.8M | $2.2M | — | View 990 |
| 2011 | $3.2M | $3.5M | $4.1M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $5.0M, and assets of $4.5M (revenue +33.0% year-over-year).
- 2022: Revenue of $3.2M, expenses of $4.5M, and assets of $5.4M (revenue -50.1% year-over-year).
- 2021: Revenue of $6.3M, expenses of $3.5M, and assets of $5.8M (revenue +175.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $3.2M (revenue -47.7% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.4M, and assets of $2.9M (revenue +5.9% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.2M, and assets of $3.4M (revenue -1.7% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.5M, and assets of $3.2M (revenue -9.9% year-over-year).
- 2016: Revenue of $4.7M, expenses of $5.0M, and assets of $3.5M (revenue +13.0% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.1M, and assets of $3.6M (revenue -11.2% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.6M, and assets of $3.9M (revenue +4.5% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.9M, and assets of $3.6M (revenue +35.2% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.4M, and assets of $3.8M (revenue +2.1% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.5M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merry Go Round Playhouse Inc:
Data Sources and Methodology
This transparency report for Merry Go Round 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.