Ocean Community United Theatre Inc
EIN: 463579526 · Westerly, RI · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.2M |
| Net Assets | $15.7M |
Is Ocean Community United 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 Ocean Community United Theatre Inc
Ocean Community United Theatre Inc (EIN: 463579526) is a nonprofit organization based in Westerly, RI, classified under NTEE code A65. The organization reported total revenue of $2.8M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Community United Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Community United Theatre Inc is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 42.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$113K |
| Total Assets | $17.3M |
| Total Liabilities | $1.6M |
| Net Assets | $15.7M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 94.7 months |
Financial Health Grade: A
In 2023, Ocean Community United Theatre Inc reported a surplus of $113K with revenue exceeding expenses, holds 94.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Ocean Community United Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | +9.4% | +2.3% |
| 2022 | -17.6% | +101.9% | +1.8% |
| 2021 | +66.5% | +157.7% | -10.1% |
| 2020 | -72.1% | +43.5% | +31.6% |
| 2019 | -3.7% | +60.9% | +63.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ocean Community United 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 Ocean Community United 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Frequently Asked Questions about Ocean Community United Theatre Inc
Is Ocean Community United Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Community United Theatre Inc (EIN: 463579526) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ocean Community United Theatre Inc spend its money?
Detailed spending breakdown data is not yet available for Ocean Community United Theatre Inc. Check back for updated IRS 990 analysis.
Are donations to Ocean Community United Theatre Inc tax-deductible?
Ocean Community United Theatre Inc is registered as a tax-exempt nonprofit (EIN: 463579526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Community United Theatre Inc located?
Ocean Community United Theatre Inc is headquartered in Westerly, Rhode Island and files with the IRS under EIN 463579526. It is classified under NTEE code A65.
How many years of IRS 990 filings does Ocean Community United Theatre Inc have?
Ocean Community United Theatre Inc has 9 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 $2.8M in total revenue.
Filing History
IRS 990 filing history for Ocean Community United Theatre Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Ocean Community United Theatre Inc's revenue has grown by 1619.9%, moving from $134K to $2.3M. Total assets increased by 28331.9% over the same period, from $61K to $17.3M. Total functional expenses rose by 1547%, from $133K to $2.2M. In its most recent filing year (2023), Ocean Community United Theatre Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $17.3M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $17.3M | $1.6M | — | — |
| 2022 | $2.2M | $2.0M | $16.9M | $1.4M | — | View 990 |
| 2021 | $2.6M | $994K | $16.6M | $1.3M | — | View 990 |
| 2020 | $1.6M | $386K | $18.5M | $4.7M | — | View 990 |
| 2019 | $5.6M | $269K | $14.1M | $1.5M | — | — |
| 2018 | $5.9M | $167K | $8.6M | $1.4M | — | View 990 |
| 2017 | $845K | $448K | $4.5M | $3.0M | — | View 990 |
| 2016 | $1.4M | $340K | $3.2M | $2.1M | — | View 990 |
| 2015 | $134K | $133K | $61K | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $17.3M (revenue +7.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $16.9M (revenue -17.6% year-over-year).
- 2021: Revenue of $2.6M, expenses of $994K, and assets of $16.6M (revenue +66.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $386K, and assets of $18.5M (revenue -72.1% year-over-year).
- 2019: Revenue of $5.6M, expenses of $269K, and assets of $14.1M (revenue -3.7% year-over-year).
- 2018: Revenue of $5.9M, expenses of $167K, and assets of $8.6M (revenue +592.9% year-over-year).
- 2017: Revenue of $845K, expenses of $448K, and assets of $4.5M (revenue -41.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $340K, and assets of $3.2M (revenue +972.6% year-over-year).
- 2015: Revenue of $134K, expenses of $133K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Community United Theatre Inc:
Data Sources and Methodology
This transparency report for Ocean Community United 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.