Playhouse Inc

Is Playhouse Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Playhouse Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Playhouse Inc

Playhouse Inc (EIN: 221618125) is a nonprofit organization based in West Orange, NJ, classified under NTEE code B21Z. The organization reported total revenue of $2.6M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Playhouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Playhouse Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 89%
• fundraising: 6%

According to IRS 990 filings, Playhouse Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation information is not disclosed in the provided data, making a comprehensive assessment impossible.

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 Playhouse Inc's IRS 990 filings:

• Lack of readily available detailed financial reports beyond the 990 filing.
• Absence of specific program impact reporting on their website.

Strengths

The following positive indicators were identified for Playhouse Inc:

• Consistently high percentage of expenses allocated to programs (89% in 2023).
• Healthy asset growth over the past several years, from $1,448,715 in 2016 to $2,703,247 in 2023.
• Low administrative and fundraising costs, indicating efficient operations.

Frequently Asked Questions about Playhouse Inc

Filing History

IRS 990 filing history for Playhouse Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Playhouse Inc's revenue has grown by 54.4%, moving from $929K to $1.4M. Total assets increased by 95.2% over the same period, from $1.3M to $2.5M. Total functional expenses rose by 38.8%, from $917K to $1.3M. In its most recent filing year (2023), Playhouse Inc reported a surplus of $161K, with revenue exceeding expenses. The organization holds $207K in liabilities against $2.5M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $2.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $2.5M (revenue +2.5% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $2.3M (revenue +59.2% year-over-year).
• 2021: Revenue of $879K, expenses of $833K, and assets of $2.3M (revenue -1.5% year-over-year).
• 2020: Revenue of $892K, expenses of $1.1M, and assets of $1.9M (revenue -34.2% year-over-year).
• 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $2.0M (revenue +19.5% year-over-year).
• 2018: Revenue of $1.1M, expenses of $979K, and assets of $1.7M (revenue +14.4% year-over-year).
• 2017: Revenue of $991K, expenses of $943K, and assets of $1.5M (revenue +1.7% year-over-year).
• 2016: Revenue of $974K, expenses of $927K, and assets of $1.4M (revenue +3.2% year-over-year).
• 2015: Revenue of $944K, expenses of $958K, and assets of $1.4M (revenue -6.4% year-over-year).
• 2014: Revenue of $1.0M, expenses of $943K, and assets of $1.5M (revenue +8.0% year-over-year).
• 2013: Revenue of $935K, expenses of $920K, and assets of $1.3M (revenue -0.2% year-over-year).
• 2012: Revenue of $936K, expenses of $910K, and assets of $1.3M (revenue +0.8% year-over-year).
• 2011: Revenue of $929K, expenses of $917K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Playhouse 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.