Pig Iron Theatre Company Inc
Pig Iron Theatre Company Inc experiences recent deficit after period of surplus, with significant increase in liabilities.
EIN: 133874192 · Philadelphia, PA · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1,370,133 |
| Net Assets | $729K |
| Transparency Score | 75/100 |
Is Pig Iron Theatre Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pig Iron Theatre Company Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pig Iron Theatre Company Inc
Pig Iron Theatre Company Inc (EIN: 133874192) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A65. The organization reported total revenue of $1.6M and total assets of $987K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pig Iron Theatre Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pig Iron Theatre Company Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-218,336 |
| Total Assets | $1.4M |
| Total Liabilities | $656K |
| Net Assets | $729K |
| Operating Margin | -15.9% |
| Debt-to-Asset Ratio | 47.4% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Pig Iron Theatre Company Inc reported a deficit of $218K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pig Iron Theatre Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +45.1% | -0.5% |
| 2022 | +25.4% | +33.8% | +14.1% |
| 2021 | -18.2% | -36.7% | +27.8% |
| 2020 | +8.6% | +13.3% | +23.5% |
| 2019 | +44.6% | -8.8% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1996 |
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 Pig Iron Theatre Company 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, Pig Iron Theatre Company 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 $218K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.4%.
Executive Compensation Analysis
Pig Iron Theatre Company Inc consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through non-officer categories, which is unusual for an organization of its revenue size (latest revenue $1,370,133).
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 Pig Iron Theatre Company Inc's IRS 990 filings:
- Expenses exceeded revenue by over $218,000 in the latest filing (202306)
- Significant increase in liabilities from $31,836 in 202206 to $655,809 in 202306
- Lack of detailed functional expense breakdown makes precise spending efficiency difficult to assess
Strengths
The following positive indicators were identified for Pig Iron Theatre Company Inc:
- Consistent growth in assets over the past five years, from $773,357 in 201906 to $1,384,650 in 202306
- History of consistent IRS 990 filings, indicating good compliance and transparency
- Reports 0% officer compensation across all filings, potentially indicating efficient use of funds for mission-related activities
Frequently Asked Questions about Pig Iron Theatre Company Inc
Is Pig Iron Theatre Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pig Iron Theatre Company Inc (EIN: 133874192) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Pig Iron Theatre Company Inc spend its money?
Pig Iron Theatre Company Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pig Iron Theatre Company Inc tax-deductible?
Pig Iron Theatre Company Inc is registered as a tax-exempt nonprofit (EIN: 133874192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pig Iron Theatre Company Inc CEO make?
Pig Iron Theatre Company Inc's highest-compensated officer earns $1,370,133 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pig Iron Theatre Company Inc's spending goes to programs?
Pig Iron Theatre Company Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pig Iron Theatre Company Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Pig Iron Theatre Company Inc is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pig Iron Theatre Company Inc located?
Pig Iron Theatre Company Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 133874192. It is classified under NTEE code A65.
How many years of IRS 990 filings does Pig Iron Theatre Company Inc have?
Pig Iron Theatre Company 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 $1.6M in total revenue.
Is Pig Iron Theatre Company Inc financially stable given the recent deficit?
While the 202306 filing shows expenses exceeding revenue by over $218,000, the organization has a history of fluctuating surpluses and deficits. Its assets have grown over time, but the substantial increase in liabilities to $655,809 in 202306 is a concern that needs monitoring.
What caused the significant increase in liabilities in 202306?
The IRS 990 data alone does not specify the nature of the liabilities. A jump from $31,836 in 202206 to $655,809 in 202306 is substantial and could indicate new debt, deferred revenue, or other obligations.
How does the 0% officer compensation impact the organization's operations?
Reporting 0% officer compensation suggests that the organization's top leadership is not compensated through traditional officer salaries. This could mean they are volunteers, or their compensation is categorized differently, potentially allowing more funds to be directed towards programs.
Filing History
IRS 990 filing history for Pig Iron Theatre Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pig Iron Theatre Company Inc's revenue has grown by 15.3%, moving from $1.2M to $1.4M. Total assets increased by 15.2% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 94.6%, from $816K to $1.6M. In its most recent filing year (2023), Pig Iron Theatre Company Inc reported a deficit of $218K, with expenses exceeding revenue. The organization holds $656K in liabilities against $1.4M in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $729K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.6M | $1.4M | $656K | — | View 990 |
| 2022 | $1.4M | $1.1M | $1.4M | $32K | — | View 990 |
| 2021 | $1.1M | $818K | $1.2M | $141K | — | View 990 |
| 2020 | $1.3M | $1.3M | $955K | $155K | — | — |
| 2019 | $1.2M | $1.1M | $773K | $21K | — | View 990 |
| 2018 | $855K | $1.3M | $738K | $80K | — | View 990 |
| 2017 | $1.8M | $1.3M | $1.1M | $74K | — | View 990 |
| 2016 | $966K | $1.2M | $537K | $16K | — | View 990 |
| 2015 | $911K | $1.3M | $803K | $16K | — | View 990 |
| 2014 | $1.5M | $1.3M | $1.2M | $20K | — | View 990 |
| 2013 | $926K | $1.0M | $972K | $20K | — | View 990 |
| 2012 | $814K | $943K | $1.0M | $12K | — | View 990 |
| 2011 | $1.2M | $816K | $1.2M | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $1.4M (revenue -0.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $1.4M (revenue +25.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $818K, and assets of $1.2M (revenue -18.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $955K (revenue +8.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $773K (revenue +44.6% year-over-year).
- 2018: Revenue of $855K, expenses of $1.3M, and assets of $738K (revenue -52.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $1.1M (revenue +85.6% year-over-year).
- 2016: Revenue of $966K, expenses of $1.2M, and assets of $537K (revenue +6.0% year-over-year).
- 2015: Revenue of $911K, expenses of $1.3M, and assets of $803K (revenue -38.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $1.2M (revenue +59.9% year-over-year).
- 2013: Revenue of $926K, expenses of $1.0M, and assets of $972K (revenue +13.8% year-over-year).
- 2012: Revenue of $814K, expenses of $943K, and assets of $1.0M (revenue -31.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $816K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pig Iron Theatre Company Inc:
Data Sources and Methodology
This transparency report for Pig Iron Theatre Company 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.