Perseverance Theatre Incorporated
EIN: 920071124 · Douglas, AK · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Net Assets | $438K |
Is Perseverance Theatre Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Perseverance Theatre Incorporated
Perseverance Theatre Incorporated (EIN: 920071124) is a nonprofit organization based in Douglas, AK, classified under NTEE code A650. The organization reported total revenue of $1.4M and total assets of $800K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perseverance Theatre Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perseverance Theatre Incorporated is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $986K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-178,834 |
| Total Assets | $729K |
| Total Liabilities | $291K |
| Net Assets | $438K |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 40.0% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2023, Perseverance Theatre Incorporated reported a deficit of $179K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Perseverance Theatre Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.8% | +2.7% | -22.1% |
| 2022 | +0.7% | +19.0% | -26.1% |
| 2021 | +2.2% | -33.3% | +4.7% |
| 2020 | -30.6% | -25.3% | +27.1% |
| 2019 | -7.7% | +12.1% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Perseverance Theatre Incorporated 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 Perseverance Theatre Incorporated 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 deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.0%.
Frequently Asked Questions about Perseverance Theatre Incorporated
Is Perseverance Theatre Incorporated a legitimate charity?
Perseverance Theatre Incorporated (EIN: 920071124) is a registered tax-exempt nonprofit based in Alaska. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: B.
How does Perseverance Theatre Incorporated spend its money?
Perseverance Theatre Incorporated reported $1.4M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Perseverance Theatre Incorporated tax-deductible?
Perseverance Theatre Incorporated is registered as a tax-exempt nonprofit (EIN: 920071124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Perseverance Theatre Incorporated located?
Perseverance Theatre Incorporated is headquartered in Douglas, Alaska and files with the IRS under EIN 920071124. It is classified under NTEE code A650.
How many years of IRS 990 filings does Perseverance Theatre Incorporated have?
Perseverance Theatre Incorporated 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Perseverance Theatre Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Perseverance Theatre Incorporated's revenue has grown by 14.3%, moving from $862K to $986K. Total assets decreased by 66.4% over the same period, from $2.2M to $729K. Total functional expenses rose by 55.2%, from $750K to $1.2M. In its most recent filing year (2023), Perseverance Theatre Incorporated reported a deficit of $179K, with expenses exceeding revenue. The organization holds $291K in liabilities against $729K in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $438K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $986K | $1.2M | $729K | $291K | — | View 990 |
| 2022 | $1.2M | $1.1M | $936K | $319K | — | View 990 |
| 2021 | $1.2M | $953K | $1.3M | $760K | — | — |
| 2020 | $1.2M | $1.4M | $1.2M | $987K | — | View 990 |
| 2019 | $1.7M | $1.9M | $951K | $511K | — | View 990 |
| 2018 | $1.9M | $1.7M | $969K | $696K | — | View 990 |
| 2017 | $1.7M | $1.8M | $907K | $816K | — | View 990 |
| 2016 | $1.3M | $1.7M | $1.8M | $703K | — | View 990 |
| 2015 | $1.3M | $1.6M | $2.2M | $611K | — | View 990 |
| 2014 | $1.4M | $1.4M | $2.5M | $633K | — | View 990 |
| 2013 | $1.3M | $1.2M | $2.6M | $867K | — | View 990 |
| 2012 | $1.1M | $1.1M | $2.1M | $344K | — | View 990 |
| 2011 | $862K | $750K | $2.2M | $306K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $986K, expenses of $1.2M, and assets of $729K (revenue -20.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $936K (revenue +0.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $953K, and assets of $1.3M (revenue +2.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.4M, and assets of $1.2M (revenue -30.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $951K (revenue -7.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.7M, and assets of $969K (revenue +12.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $907K (revenue +32.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.7M, and assets of $1.8M (revenue -1.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.6M, and assets of $2.2M (revenue -7.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $2.5M (revenue +9.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $2.6M (revenue +18.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue +23.6% year-over-year).
- 2011: Revenue of $862K, expenses of $750K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perseverance Theatre Incorporated:
Data Sources and Methodology
This transparency report for Perseverance Theatre Incorporated 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.