New Hampshire Theatre Project
New Hampshire Theatre Project consistently operates with no officer compensation, but frequently runs deficits.
EIN: 20419975 · Portsmouth, NH · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $230K |
| Program Spending | 80% |
| Net Assets | $-10,366 |
| Transparency Score | 75/100 |
Is New Hampshire Theatre Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Theatre Project directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Theatre Project
New Hampshire Theatre Project (EIN: 20419975) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code A650. The organization reported total revenue of $280K and total assets of $99K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Theatre Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Theatre Project is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $230K |
| Surplus / Deficit | $-19,246 |
| Total Assets | $5K |
| Total Liabilities | $16K |
| Net Assets | $-10,366 |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 301.6% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2024, New Hampshire Theatre Project reported a deficit of $19K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 301.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), New Hampshire Theatre Project's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.1% | -7.0% | -56.8% |
| 2023 | -18.3% | -6.8% | -76.5% |
| 2022 | +7.4% | +33.8% | -12.4% |
| 2021 | +7.2% | -6.1% | +105.4% |
| 2020 | +5.8% | -4.0% | +192.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 New Hampshire Theatre Project with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, New Hampshire Theatre Project allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 301.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive compensation below the reporting threshold, which is a strong positive for directing funds to 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 New Hampshire Theatre Project's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue in 6 of the last 9 reported periods).
- Low asset base relative to annual expenses and liabilities, indicating limited financial reserves (e.g., 2024 assets of $5,141 against $229,555 expenses).
Strengths
The following positive indicators were identified for New Hampshire Theatre Project:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial prudence.
- Long operational history with 14 IRS 990 filings, demonstrating sustained commitment to its mission.
- Maintains operations despite financial fluctuations, suggesting effective resource management and community support.
Frequently Asked Questions about New Hampshire Theatre Project
Is New Hampshire Theatre Project a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Theatre Project (EIN: 20419975) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does New Hampshire Theatre Project spend its money?
New Hampshire Theatre Project directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Theatre Project tax-deductible?
New Hampshire Theatre Project is registered as a tax-exempt nonprofit (EIN: 20419975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hampshire Theatre Project's spending goes to programs?
New Hampshire Theatre Project directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hampshire Theatre Project compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Hampshire Theatre Project is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Theatre Project located?
New Hampshire Theatre Project is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20419975. It is classified under NTEE code A650.
How many years of IRS 990 filings does New Hampshire Theatre Project have?
New Hampshire Theatre Project 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 $280K in total revenue.
How does New Hampshire Theatre Project cover its operational deficits?
The organization frequently reports expenses exceeding revenue, such as in 2024 ($229,555 expenses vs. $210,309 revenue). This suggests they may rely on prior year surpluses, grants, or short-term financing to cover these gaps, though the specific mechanisms are not detailed in the provided data.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data only includes total revenue and expenses. A detailed breakdown of how funds are allocated to programs, administration, and fundraising would be necessary for a more precise assessment of spending efficiency.
Given the low asset base, how does the organization manage financial stability?
With assets often barely exceeding liabilities (e.g., $5,141 assets vs. $15,507 liabilities in 2024), the organization appears to operate with very limited reserves. This indicates a reliance on consistent incoming revenue to meet ongoing obligations.
Filing History
IRS 990 filing history for New Hampshire Theatre Project showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), New Hampshire Theatre Project's revenue has grown by 36.3%, moving from $154K to $210K. Total assets decreased by 3.7% over the same period, from $5K to $5K. Total functional expenses rose by 50.6%, from $152K to $230K. In its most recent filing year (2024), New Hampshire Theatre Project reported a deficit of $19K, with expenses exceeding revenue. The organization holds $16K in liabilities against $5K in assets (debt-to-asset ratio: 301.6%), resulting in net assets of $-10,366.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $210K | $230K | $5K | $16K | — | — |
| 2023 | $213K | $247K | $12K | $3K | — | View 990 |
| 2022 | $260K | $265K | $51K | $7K | — | View 990 |
| 2021 | $242K | $198K | $58K | $9K | — | View 990 |
| 2020 | $226K | $211K | $28K | $24K | — | View 990 |
| 2019 | $214K | $220K | $10K | $0 | — | View 990 |
| 2018 | $182K | $194K | $13K | $18K | — | View 990 |
| 2017 | $192K | $197K | $15K | $8K | — | View 990 |
| 2016 | $164K | $149K | $13K | $1K | — | View 990 |
| 2015 | $152K | $149K | $7K | $11K | — | View 990 |
| 2014 | $154K | $153K | $8K | $14K | — | View 990 |
| 2013 | $146K | $126K | $11K | $18K | — | View 990 |
| 2012 | $152K | $152K | $7K | $34K | — | View 990 |
| 2011 | $154K | $152K | $5K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $210K, expenses of $230K, and assets of $5K (revenue -1.1% year-over-year).
- 2023: Revenue of $213K, expenses of $247K, and assets of $12K (revenue -18.3% year-over-year).
- 2022: Revenue of $260K, expenses of $265K, and assets of $51K (revenue +7.4% year-over-year).
- 2021: Revenue of $242K, expenses of $198K, and assets of $58K (revenue +7.2% year-over-year).
- 2020: Revenue of $226K, expenses of $211K, and assets of $28K (revenue +5.8% year-over-year).
- 2019: Revenue of $214K, expenses of $220K, and assets of $10K (revenue +17.5% year-over-year).
- 2018: Revenue of $182K, expenses of $194K, and assets of $13K (revenue -5.4% year-over-year).
- 2017: Revenue of $192K, expenses of $197K, and assets of $15K (revenue +17.1% year-over-year).
- 2016: Revenue of $164K, expenses of $149K, and assets of $13K (revenue +7.8% year-over-year).
- 2015: Revenue of $152K, expenses of $149K, and assets of $7K (revenue -0.8% year-over-year).
- 2014: Revenue of $154K, expenses of $153K, and assets of $8K (revenue +5.1% year-over-year).
- 2013: Revenue of $146K, expenses of $126K, and assets of $11K (revenue -4.0% year-over-year).
- 2012: Revenue of $152K, expenses of $152K, and assets of $7K (revenue -1.4% year-over-year).
- 2011: Revenue of $154K, expenses of $152K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Theatre Project:
Data Sources and Methodology
This transparency report for New Hampshire Theatre Project 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.