Millwald Theatre Inc
EIN: 823878677 · Wytheville, VA · NTEE: A80
Is Millwald Theatre Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Millwald Theatre Inc
Millwald Theatre Inc (EIN: 823878677) is a nonprofit organization based in Wytheville, VA, classified under NTEE code A80. The organization reported total revenue of $745K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millwald Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Millwald Theatre Inc 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 Millwald Theatre Inc 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.
Frequently Asked Questions about Millwald Theatre Inc
Is Millwald Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Millwald Theatre Inc (EIN: 823878677) insufficient data. 0 red flags identified, 0 strengths noted.
How does Millwald Theatre Inc spend its money?
Detailed spending breakdown data is not yet available for Millwald Theatre Inc. Check back for updated IRS 990 analysis.
Are donations to Millwald Theatre Inc tax-deductible?
Millwald Theatre Inc is registered as a tax-exempt nonprofit (EIN: 823878677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Millwald Theatre Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Millwald Theatre Inc's revenue has grown by 26.4%, moving from $840K to $1.1M. Total assets increased by 368% over the same period, from $828K to $3.9M. Total functional expenses rose by 2198.9%, from $36K to $826K. In its most recent filing year (2023), Millwald Theatre Inc reported a surplus of $236K, with revenue exceeding expenses. The organization holds $507K in liabilities against $3.9M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $826K | $3.9M | $507K | — | — |
| 2022 | $2.0M | $265K | $5.1M | $2.0M | — | View 990 |
| 2021 | $768K | $114K | $4.4M | $3.0M | — | View 990 |
| 2020 | $525K | $35K | $1.4M | $638K | — | — |
| 2019 | $840K | $36K | $828K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $826K, and assets of $3.9M (revenue -45.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $265K, and assets of $5.1M (revenue +154.7% year-over-year).
- 2021: Revenue of $768K, expenses of $114K, and assets of $4.4M (revenue +46.2% year-over-year).
- 2020: Revenue of $525K, expenses of $35K, and assets of $1.4M (revenue -37.5% year-over-year).
- 2019: Revenue of $840K, expenses of $36K, and assets of $828K.
Data Sources and Methodology
This transparency report for Millwald Theatre 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.