National Association Of Theatre Owners
National Association Of Theatre Owners experienced significant asset decline while maintaining 0% reported officer compensation.
EIN: 131580907 · Washington, DC · Updated: 2026-03-28
Is National Association Of Theatre Owners Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Theatre Owners directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Association Of Theatre Owners
National Association Of Theatre Owners (EIN: 131580907) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $10.9M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Theatre Owners's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Theatre Owners is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $11.1M |
| Surplus / Deficit | $-1,051,599 |
| Total Assets | $10.9M |
| Total Liabilities | $504K |
| Net Assets | $10.4M |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2024, National Association Of Theatre Owners reported a deficit of $1.1M with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), National Association Of Theatre Owners's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.3% | -3.9% | -19.9% |
| 2023 | -16.2% | -20.7% | -7.2% |
| 2022 | +261.1% | +56.3% | -26.6% |
| 2021 | -24.0% | +14.7% | -15.6% |
| 2020 | -62.4% | -28.7% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1949 |
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 National Association Of Theatre Owners with a Mission Score of 70 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, National Association Of Theatre Owners 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size with annual revenues exceeding $10 million. This suggests that executive compensation may be structured in a way that is not reported under the 'officer compensation' line item on the IRS Form 990, or that key leadership roles are filled by uncompensated individuals, which would be highly atypical for a professional association.
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 National Association Of Theatre Owners's IRS 990 filings:
- Significant asset decline from $25.3M (2019) to $10.9M (2024)
- Consistent 0% reported officer compensation for an organization of this size, raising questions about executive compensation transparency
- Periods of substantial net losses, such as $5.8M in 2021 ($3.5M revenue vs. $9.3M expenses), indicating reliance on reserves
Strengths
The following positive indicators were identified for National Association Of Theatre Owners:
- Generally stable revenue generation, often exceeding $10M annually
- Long filing history (13 filings) indicates consistent compliance and transparency in reporting
- Ability to manage significant liabilities, as shown by the reduction from $3.19M in 2021 to $504K in 2024
Frequently Asked Questions about National Association Of Theatre Owners
Is National Association Of Theatre Owners a legitimate charity?
Based on AI analysis of IRS 990 filings, National Association Of Theatre Owners (EIN: 131580907) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does National Association Of Theatre Owners spend its money?
National Association Of Theatre Owners directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Association Of Theatre Owners tax-deductible?
National Association Of Theatre Owners is registered as a tax-exempt nonprofit (EIN: 131580907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does NATO compensate its executives if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean executives are compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies on uncompensated leadership. Further detail would be needed to understand the full compensation structure.
What caused the significant decline in assets from $25.3M in 2019 to $10.9M in 2024?
The asset decline correlates with periods of significant net losses, particularly in 2021 ($3.5M revenue vs. $9.3M expenses) and 2022 ($12.6M revenue vs. $14.5M expenses), suggesting the organization drew down reserves to cover operational costs during challenging years, likely impacted by external factors affecting the theatre industry.
What led to the large fluctuations in liabilities, such as the spike to $3.19M in 2021?
The fluctuations in liabilities, including the peak in 2021, could be due to various factors such as deferred revenue, short-term loans, or changes in accounts payable related to major events or operational shifts. Without more detailed financial statements, the exact cause remains unclear.
Filing History
IRS 990 filing history for National Association Of Theatre Owners showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), National Association Of Theatre Owners's revenue has grown by 20.5%, moving from $8.3M to $10.0M. Total assets decreased by 28.3% over the same period, from $15.2M to $10.9M. Total functional expenses rose by 54.4%, from $7.2M to $11.1M. In its most recent filing year (2024), National Association Of Theatre Owners reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $504K in liabilities against $10.9M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.0M | $11.1M | $10.9M | $504K | — | View 990 |
| 2023 | $10.6M | $11.5M | $13.6M | $2.6M | — | View 990 |
| 2022 | $12.7M | $14.6M | $14.7M | $2.2M | — | View 990 |
| 2021 | $3.5M | $9.3M | $20.0M | $3.2M | — | — |
| 2020 | $4.6M | $8.1M | $23.7M | $2.5M | — | — |
| 2019 | $12.3M | $11.4M | $25.4M | $475K | — | View 990 |
| 2018 | $12.5M | $11.1M | $24.6M | $453K | — | View 990 |
| 2017 | $11.4M | $9.6M | $23.2M | $637K | — | View 990 |
| 2016 | $10.5M | $9.3M | $20.5M | $1.1M | — | View 990 |
| 2015 | $10.4M | $8.4M | $19.6M | $1.2M | — | View 990 |
| 2014 | $9.5M | $9.6M | $19.0M | $1.6M | — | View 990 |
| 2013 | $8.9M | $7.6M | $17.7M | $1.1M | — | View 990 |
| 2012 | $8.3M | $7.2M | $15.2M | $263K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.0M, expenses of $11.1M, and assets of $10.9M (revenue -5.3% year-over-year).
- 2023: Revenue of $10.6M, expenses of $11.5M, and assets of $13.6M (revenue -16.2% year-over-year).
- 2022: Revenue of $12.7M, expenses of $14.6M, and assets of $14.7M (revenue +261.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $9.3M, and assets of $20.0M (revenue -24.0% year-over-year).
- 2020: Revenue of $4.6M, expenses of $8.1M, and assets of $23.7M (revenue -62.4% year-over-year).
- 2019: Revenue of $12.3M, expenses of $11.4M, and assets of $25.4M (revenue -2.2% year-over-year).
- 2018: Revenue of $12.5M, expenses of $11.1M, and assets of $24.6M (revenue +10.1% year-over-year).
- 2017: Revenue of $11.4M, expenses of $9.6M, and assets of $23.2M (revenue +8.7% year-over-year).
- 2016: Revenue of $10.5M, expenses of $9.3M, and assets of $20.5M (revenue +1.2% year-over-year).
- 2015: Revenue of $10.4M, expenses of $8.4M, and assets of $19.6M (revenue +8.5% year-over-year).
- 2014: Revenue of $9.5M, expenses of $9.6M, and assets of $19.0M (revenue +7.0% year-over-year).
- 2013: Revenue of $8.9M, expenses of $7.6M, and assets of $17.7M (revenue +7.0% year-over-year).
- 2012: Revenue of $8.3M, expenses of $7.2M, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Theatre Owners:
Data Sources and Methodology
This transparency report for National Association Of Theatre Owners 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.