Midcoast Youth Theater
Midcoast Youth Theater shows strong financial recovery and growth with zero liabilities and no officer compensation.
EIN: 161666378 · Brunswick, ME · NTEE: A63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $55K |
| Program Spending | 90% |
| Net Assets | $51K |
| Transparency Score | 92/100 |
Is Midcoast Youth Theater Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midcoast Youth Theater directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midcoast Youth Theater
Midcoast Youth Theater (EIN: 161666378) is a nonprofit organization based in Brunswick, ME, classified under NTEE code A63. The organization reported total revenue of $133K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midcoast Youth Theater's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midcoast Youth Theater is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $55K |
| Surplus / Deficit | +$29K |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | 34.8% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2023, Midcoast Youth Theater reported a surplus of $29K with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Midcoast Youth Theater's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +161.0% | +200.9% | +134.3% |
| 2022 | +409.0% | +83.3% | +179.7% |
| 2021 | -78.4% | -71.9% | -31.7% |
| 2020 | -64.9% | -60.7% | -34.5% |
| 2019 | -9.8% | +15.0% | -26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Midcoast Youth Theater with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Midcoast Youth Theater allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Midcoast Youth Theater consistently reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Midcoast Youth Theater:
- Consistent growth in revenue and assets, particularly from 2021 to 2023 (Revenue: $6,344 to $84,280; Assets: $7,808 to $51,166).
- Zero reported liabilities across all 13 filings, indicating excellent financial stability and no debt.
- 0% officer compensation, suggesting high efficiency in directing funds to programs.
- Positive net income in recent years (e.g., 2023: Revenue $84,280, Expenses $54,950), allowing for asset growth.
- Strong transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Midcoast Youth Theater
Is Midcoast Youth Theater a legitimate charity?
Midcoast Youth Theater (EIN: 161666378) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $133K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Midcoast Youth Theater spend its money?
Midcoast Youth Theater directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Midcoast Youth Theater tax-deductible?
Midcoast Youth Theater is registered as a tax-exempt nonprofit (EIN: 161666378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Midcoast Youth Theater compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Midcoast Youth Theater is above average for NTEE category A63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Midcoast Youth Theater located?
Midcoast Youth Theater is headquartered in Brunswick, Maine and files with the IRS under EIN 161666378. It is classified under NTEE code A63.
How many years of IRS 990 filings does Midcoast Youth Theater have?
Midcoast Youth Theater 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 $133K in total revenue.
How does Midcoast Youth Theater manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or that any compensation is structured in a way that does not fall under the 'officer compensation' category on the Form 990, potentially through contractor payments for specific services rather than salaries.
What contributed to the significant revenue growth from $6,344 in 2021 to $84,280 in 2023?
The substantial increase in revenue likely reflects a strong rebound in program participation and fundraising activities following the COVID-19 pandemic, which severely impacted many arts organizations in 2020 and 2021. Increased community engagement and successful program offerings are probable drivers.
What are the primary sources of Midcoast Youth Theater's revenue?
While specific sources aren't detailed in the provided data, for a youth theater, primary revenue sources typically include program fees (e.g., tuition for workshops, ticket sales for performances), individual donations, and potentially grants.
Filing History
IRS 990 filing history for Midcoast Youth Theater showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midcoast Youth Theater's revenue has grown by 193.4%, moving from $29K to $84K. Total assets increased by 46.9% over the same period, from $35K to $51K. Total functional expenses rose by 59.9%, from $34K to $55K. In its most recent filing year (2023), Midcoast Youth Theater reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $55K | $51K | $0 | — | View 990 |
| 2022 | $32K | $18K | $22K | $0 | — | View 990 |
| 2021 | $6K | $10K | $8K | $0 | — | View 990 |
| 2020 | $29K | $35K | $11K | $0 | — | View 990 |
| 2019 | $84K | $90K | $17K | $0 | — | View 990 |
| 2018 | $93K | $78K | $24K | $0 | — | — |
| 2017 | $69K | $77K | $9K | $0 | — | View 990 |
| 2016 | $65K | $60K | $17K | $0 | — | View 990 |
| 2015 | $52K | $35K | $16K | $0 | — | View 990 |
| 2014 | $41K | $42K | $8K | $0 | — | — |
| 2013 | $43K | $48K | $16K | $0 | — | View 990 |
| 2012 | $48K | $53K | $29K | $0 | — | — |
| 2011 | $29K | $34K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $55K, and assets of $51K (revenue +161.0% year-over-year).
- 2022: Revenue of $32K, expenses of $18K, and assets of $22K (revenue +409.0% year-over-year).
- 2021: Revenue of $6K, expenses of $10K, and assets of $8K (revenue -78.4% year-over-year).
- 2020: Revenue of $29K, expenses of $35K, and assets of $11K (revenue -64.9% year-over-year).
- 2019: Revenue of $84K, expenses of $90K, and assets of $17K (revenue -9.8% year-over-year).
- 2018: Revenue of $93K, expenses of $78K, and assets of $24K (revenue +34.3% year-over-year).
- 2017: Revenue of $69K, expenses of $77K, and assets of $9K (revenue +6.2% year-over-year).
- 2016: Revenue of $65K, expenses of $60K, and assets of $17K (revenue +24.1% year-over-year).
- 2015: Revenue of $52K, expenses of $35K, and assets of $16K (revenue +28.6% year-over-year).
- 2014: Revenue of $41K, expenses of $42K, and assets of $8K (revenue -5.0% year-over-year).
- 2013: Revenue of $43K, expenses of $48K, and assets of $16K (revenue -10.1% year-over-year).
- 2012: Revenue of $48K, expenses of $53K, and assets of $29K (revenue +66.0% year-over-year).
- 2011: Revenue of $29K, expenses of $34K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midcoast Youth Theater:
Data Sources and Methodology
This transparency report for Midcoast Youth Theater 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.