Mile Square Theatre
Mile Square Theatre shows consistent growth and strong financial health with no reported officer compensation.
EIN: 10778023 · Hoboken, NJ · NTEE: A65 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $924K |
| Program Spending | 85% |
| Net Assets | $488K |
| Transparency Score | 92/100 |
Is Mile Square Theatre Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mile Square Theatre directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mile Square Theatre
Mile Square Theatre (EIN: 10778023) is a nonprofit organization based in Hoboken, NJ, classified under NTEE code A65. The organization reported total revenue of $1.1M and total assets of $519K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mile Square Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mile Square Theatre is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $877K |
| Total Expenses | $924K |
| Surplus / Deficit | $-47,592 |
| Total Assets | $497K |
| Total Liabilities | $8K |
| Net Assets | $488K |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, Mile Square Theatre reported a deficit of $48K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mile Square Theatre's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.0% | +15.3% | -7.5% |
| 2022 | +81.5% | +47.1% | -12.0% |
| 2021 | +64.2% | +98.1% | +9.8% |
| 2020 | -49.4% | -59.8% | +21.2% |
| 2019 | -2.5% | +0.7% | -15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Mile Square Theatre 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mile Square Theatre allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Mile Square Theatre consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either a volunteer-led executive team or compensation structured in a way that is not categorized as officer compensation on the 990, indicating a strong commitment to directing funds towards the mission.
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 Mile Square Theatre's IRS 990 filings:
- Unusually low liabilities could indicate aggressive cash management or reliance on short-term funding, though in this case, it appears to be a strength.
- The 202306 period showed expenses ($924,389) exceeding revenue ($876,797), a slight deviation from previous positive trends.
Strengths
The following positive indicators were identified for Mile Square Theatre:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and mission focus.
- Significant revenue growth over the past decade, from $248,382 in 201412 to over $1 million in 202206.
- Strong financial health with low liabilities relative to assets (e.g., $496,794 assets vs. $8,321 liabilities in 202306).
- Generally positive operating margins, with revenues frequently exceeding expenses.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Mile Square Theatre
Is Mile Square Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, Mile Square Theatre (EIN: 10778023) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Mile Square Theatre spend its money?
Mile Square Theatre directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mile Square Theatre tax-deductible?
Mile Square Theatre is registered as a tax-exempt nonprofit (EIN: 10778023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mile Square Theatre's spending goes to programs?
Mile Square Theatre directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mile Square Theatre compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mile Square Theatre is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mile Square Theatre located?
Mile Square Theatre is headquartered in Hoboken, New Jersey and files with the IRS under EIN 10778023. It is classified under NTEE code A65.
How many years of IRS 990 filings does Mile Square Theatre have?
Mile Square Theatre 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 $1.1M in total revenue.
Is Mile Square Theatre a good charity?
Based on its financial data, Mile Square Theatre appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, low liabilities, and notably, reports 0% officer compensation, suggesting a high dedication to its mission.
How has Mile Square Theatre's revenue trended over time?
Mile Square Theatre has shown significant revenue growth, increasing from $248,382 in 201412 to over $1 million in 202206, indicating successful fundraising and increasing community support.
What is the organization's financial stability?
The organization exhibits strong financial stability, maintaining a healthy asset-to-liability ratio (e.g., $496,794 in assets vs. $8,321 in liabilities in 202306) and generally operating with revenues exceeding expenses.
Filing History
IRS 990 filing history for Mile Square Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mile Square Theatre's revenue has grown by 350.2%, moving from $195K to $877K. Total assets increased by 1608.1% over the same period, from $29K to $497K. Total functional expenses rose by 438.7%, from $172K to $924K. In its most recent filing year (2023), Mile Square Theatre reported a deficit of $48K, with expenses exceeding revenue. The organization holds $8K in liabilities against $497K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $488K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $877K | $924K | $497K | $8K | — | — |
| 2022 | $1.0M | $802K | $537K | $786 | — | View 990 |
| 2021 | $568K | $545K | $610K | $303K | — | — |
| 2020 | $346K | $275K | $555K | $272K | — | View 990 |
| 2019 | $684K | $683K | $458K | $246K | — | View 990 |
| 2018 | $701K | $678K | $544K | $332K | — | View 990 |
| 2017 | $624K | $601K | $521K | $332K | — | — |
| 2016 | $550K | $529K | $531K | $365K | — | View 990 |
| 2015 | $447K | $344K | $327K | $182K | — | View 990 |
| 2014 | $248K | $217K | $50K | $8K | — | View 990 |
| 2013 | $172K | $186K | $11K | $0 | — | View 990 |
| 2012 | $162K | $166K | $24K | $0 | — | View 990 |
| 2011 | $195K | $172K | $29K | $48 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $877K, expenses of $924K, and assets of $497K (revenue -15.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $802K, and assets of $537K (revenue +81.5% year-over-year).
- 2021: Revenue of $568K, expenses of $545K, and assets of $610K (revenue +64.2% year-over-year).
- 2020: Revenue of $346K, expenses of $275K, and assets of $555K (revenue -49.4% year-over-year).
- 2019: Revenue of $684K, expenses of $683K, and assets of $458K (revenue -2.5% year-over-year).
- 2018: Revenue of $701K, expenses of $678K, and assets of $544K (revenue +12.4% year-over-year).
- 2017: Revenue of $624K, expenses of $601K, and assets of $521K (revenue +13.6% year-over-year).
- 2016: Revenue of $550K, expenses of $529K, and assets of $531K (revenue +23.0% year-over-year).
- 2015: Revenue of $447K, expenses of $344K, and assets of $327K (revenue +79.9% year-over-year).
- 2014: Revenue of $248K, expenses of $217K, and assets of $50K (revenue +44.3% year-over-year).
- 2013: Revenue of $172K, expenses of $186K, and assets of $11K (revenue +6.4% year-over-year).
- 2012: Revenue of $162K, expenses of $166K, and assets of $24K (revenue -17.0% year-over-year).
- 2011: Revenue of $195K, expenses of $172K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mile Square Theatre:
Data Sources and Methodology
This transparency report for Mile Square Theatre 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.