Paramount Theater Of Charlottesville Inc
Paramount Theater shows fluctuating revenues but consistent asset growth and zero reported officer compensation.
EIN: 201562018 · Charlottesvle, VA · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $4.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Paramount Theater Of Charlottesville Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paramount Theater Of Charlottesville Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paramount Theater Of Charlottesville Inc
Paramount Theater Of Charlottesville Inc (EIN: 201562018) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code A60. The organization reported total revenue of $3.8M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paramount Theater Of Charlottesville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paramount Theater Of Charlottesville Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-565,170 |
| Total Assets | $1.9M |
| Total Liabilities | $685K |
| Net Assets | $1.2M |
| Operating Margin | -16.7% |
| Debt-to-Asset Ratio | 36.5% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2023, Paramount Theater Of Charlottesville Inc reported a deficit of $565K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 36.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Paramount Theater Of Charlottesville Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.3% | +50.8% | -16.5% |
| 2022 | +94.3% | +67.6% | +41.0% |
| 2021 | -39.0% | -54.9% | +86.1% |
| 2020 | +22.5% | +33.9% | -15.0% |
| 2019 | -5.6% | -2.5% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Paramount Theater Of Charlottesville Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Paramount Theater Of Charlottesville Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $565K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that top executives are either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization with revenues exceeding $3 million.
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 Paramount Theater Of Charlottesville Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization with multi-million dollar revenues and could indicate a lack of transparency in executive compensation reporting.
- Significant deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $500,000, although this follows a large surplus in the prior year.
Strengths
The following positive indicators were identified for Paramount Theater Of Charlottesville Inc:
- Strong asset growth over the past decade, from $386,893 in 2014 to $1,877,648 in 2023, demonstrating financial health and reinvestment.
- Consistent IRS 990 filing history (13 filings), indicating a commitment to regulatory compliance and transparency.
- Significant revenue generation, with latest reported revenue at $3,795,661, showing strong public support and operational activity.
- Positive net assets (Assets $1,877,648 vs. Liabilities $684,505 in 2023), indicating a healthy financial position.
Frequently Asked Questions about Paramount Theater Of Charlottesville Inc
Is Paramount Theater Of Charlottesville Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Paramount Theater Of Charlottesville Inc (EIN: 201562018) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Paramount Theater Of Charlottesville Inc spend its money?
Paramount Theater Of Charlottesville Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Paramount Theater Of Charlottesville Inc tax-deductible?
Paramount Theater Of Charlottesville Inc is registered as a tax-exempt nonprofit (EIN: 201562018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paramount Theater Of Charlottesville Inc CEO make?
Paramount Theater Of Charlottesville Inc's highest-compensated officer earns $3 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Paramount Theater Of Charlottesville Inc's spending goes to programs?
Paramount Theater Of Charlottesville Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paramount Theater Of Charlottesville Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Paramount Theater Of Charlottesville Inc is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Paramount Theater Of Charlottesville Inc located?
Paramount Theater Of Charlottesville Inc is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 201562018. It is classified under NTEE code A60.
How many years of IRS 990 filings does Paramount Theater Of Charlottesville Inc have?
Paramount Theater Of Charlottesville Inc has 13 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 $3.8M in total revenue.
Is Paramount Theater Of Charlottesville Inc financially stable given the recent deficit?
While the 2023 fiscal year showed a deficit of $565,170 (Expenses $3,955,594 - Revenue $3,390,424), the organization had a significant surplus of $1,198,437 in 2022 (Revenue $3,822,333 - Expenses $2,623,896). This suggests a capacity for strong financial performance and that the 2023 deficit might be an anomaly or due to specific investments, rather than a sign of instability, especially considering the growth in assets.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $386,893 in 2014 to $1,877,648 in 2023, and peaking at $2,248,840 in 2022. This indicates a healthy trend of accumulating resources and reinvesting in its operations or endowments.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size and revenue. It could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the IRS 990, which warrants further investigation for full transparency.
Filing History
IRS 990 filing history for Paramount Theater Of Charlottesville Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Paramount Theater Of Charlottesville Inc's revenue has grown by 97.4%, moving from $1.7M to $3.4M. Total assets increased by 648.2% over the same period, from $251K to $1.9M. Total functional expenses rose by 82.2%, from $2.2M to $4.0M. In its most recent filing year (2023), Paramount Theater Of Charlottesville Inc reported a deficit of $565K, with expenses exceeding revenue. The organization holds $685K in liabilities against $1.9M in assets (debt-to-asset ratio: 36.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $4.0M | $1.9M | $685K | — | — |
| 2022 | $3.8M | $2.6M | $2.2M | $465K | — | View 990 |
| 2021 | $2.0M | $1.6M | $1.6M | $1.0M | — | View 990 |
| 2020 | $3.2M | $3.5M | $857K | $673K | — | View 990 |
| 2019 | $2.6M | $2.6M | $1.0M | $581K | — | View 990 |
| 2018 | $2.8M | $2.7M | $759K | $387K | — | View 990 |
| 2017 | $2.7M | $2.5M | $593K | $355K | — | View 990 |
| 2016 | $2.3M | $2.3M | $492K | $417K | — | View 990 |
| 2015 | $2.5M | $2.6M | $420K | $340K | — | View 990 |
| 2014 | $2.6M | $2.2M | $387K | $204K | — | View 990 |
| 2013 | $2.3M | $2.2M | $469K | $713K | — | View 990 |
| 2012 | $1.9M | $1.7M | $298K | $612K | — | View 990 |
| 2011 | $1.7M | $2.2M | $251K | $733K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $4.0M, and assets of $1.9M (revenue -11.3% year-over-year).
- 2022: Revenue of $3.8M, expenses of $2.6M, and assets of $2.2M (revenue +94.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $1.6M (revenue -39.0% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.5M, and assets of $857K (revenue +22.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.6M, and assets of $1.0M (revenue -5.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $759K (revenue +3.1% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $593K (revenue +15.8% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $492K (revenue -8.2% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $420K (revenue -1.5% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.2M, and assets of $387K (revenue +11.5% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $469K (revenue +23.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.7M, and assets of $298K (revenue +9.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.2M, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paramount Theater Of Charlottesville Inc:
Data Sources and Methodology
This transparency report for Paramount Theater Of Charlottesville 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.