Music Theater Works
EIN: 363125199 · Wilmette, IL · NTEE: A6A0
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Net Assets | $318K |
Is Music Theater Works Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Music Theater Works
Music Theater Works (EIN: 363125199) is a nonprofit organization based in Wilmette, IL, classified under NTEE code A6A0. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music Theater Works's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Music Theater Works is a mid-size nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-258,184 |
| Total Assets | $765K |
| Total Liabilities | $446K |
| Net Assets | $318K |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 58.4% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2024, Music Theater Works reported a deficit of $258K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 58.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Music Theater Works's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -18.0% | -0.3% | -25.3% |
| 2023 | +62.2% | +66.7% | +25.9% |
| 2022 | +106.9% | +89.3% | +7.5% |
| 2021 | -52.7% | -55.6% | -0.6% |
| 2020 | +33.8% | +5.1% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Music Theater Works 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 Music Theater Works 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $258K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.4%.
Frequently Asked Questions about Music Theater Works
Is Music Theater Works a legitimate charity?
Based on AI analysis of IRS 990 filings, Music Theater Works (EIN: 363125199) insufficient data. 0 red flags identified, 0 strengths noted.
How does Music Theater Works spend its money?
Detailed spending breakdown data is not yet available for Music Theater Works. Check back for updated IRS 990 analysis.
Are donations to Music Theater Works tax-deductible?
Music Theater Works is registered as a tax-exempt nonprofit (EIN: 363125199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Music Theater Works located?
Music Theater Works is headquartered in Wilmette, Illinois and files with the IRS under EIN 363125199. It is classified under NTEE code A6A0.
How many years of IRS 990 filings does Music Theater Works have?
Music Theater Works has 14 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Music Theater Works showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Music Theater Works's revenue has grown by 29.1%, moving from $1.5M to $1.9M. Total assets increased by 353.3% over the same period, from $169K to $765K. Total functional expenses rose by 40.5%, from $1.5M to $2.2M. In its most recent filing year (2024), Music Theater Works reported a deficit of $258K, with expenses exceeding revenue. The organization holds $446K in liabilities against $765K in assets (debt-to-asset ratio: 58.4%), resulting in net assets of $318K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $2.2M | $765K | $446K | — | View 990 |
| 2023 | $2.3M | $2.2M | $1.0M | $324K | — | — |
| 2022 | $1.4M | $1.3M | $813K | $269K | — | View 990 |
| 2021 | $696K | $691K | $756K | $344K | — | View 990 |
| 2020 | $1.5M | $1.6M | $761K | $278K | — | View 990 |
| 2019 | $1.1M | $1.5M | $900K | $380K | — | View 990 |
| 2018 | $1.5M | $1.6M | $826K | $1.0M | — | View 990 |
| 2017 | $1.5M | $1.5M | $879K | $1.0M | — | View 990 |
| 2016 | $1.5M | $1.5M | $918K | $1.1M | — | View 990 |
| 2015 | $1.5M | $1.4M | $866K | $1.1M | — | View 990 |
| 2014 | $1.4M | $1.5M | $932K | $1.1M | — | View 990 |
| 2013 | $1.6M | $1.5M | $237K | $376K | — | View 990 |
| 2012 | $1.4M | $1.4M | $259K | $420K | — | View 990 |
| 2011 | $1.5M | $1.5M | $169K | $326K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $2.2M, and assets of $765K (revenue -18.0% year-over-year).
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $1.0M (revenue +62.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $813K (revenue +106.9% year-over-year).
- 2021: Revenue of $696K, expenses of $691K, and assets of $756K (revenue -52.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $761K (revenue +33.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $900K (revenue -27.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $826K (revenue -0.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $879K (revenue -0.4% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $918K (revenue +3.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $866K (revenue +2.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $932K (revenue -7.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $237K (revenue +12.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $259K (revenue -6.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Music Theater Works:
Data Sources and Methodology
This transparency report for Music Theater Works 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.