Playwrights Horizons Inc
Playwrights Horizons Inc. shows asset growth but faces recent significant liability increase and frequent operating deficits.
EIN: 132805131 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.4M |
| Total Expenses | $13.5M |
| Program Spending | 75% |
| Net Assets | $23.1M |
| Transparency Score | 75/100 |
Is Playwrights Horizons Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Playwrights Horizons Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Playwrights Horizons Inc
Playwrights Horizons Inc (EIN: 132805131) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $18.4M and total assets of $47.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Playwrights Horizons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Playwrights Horizons Inc is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $13.5M |
| Surplus / Deficit | $-2,911,991 |
| Total Assets | $44.0M |
| Total Liabilities | $20.9M |
| Net Assets | $23.1M |
| Operating Margin | -27.5% |
| Debt-to-Asset Ratio | 47.5% |
| Months of Reserves | 39.2 months |
Financial Health Grade: B
In 2023, Playwrights Horizons Inc reported a deficit of $2.9M with expenses exceeding revenue, holds 39.2 months of operating reserves (strong position), has a debt-to-asset ratio of 47.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Playwrights Horizons Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | +19.7% | +62.2% |
| 2022 | +70.0% | +41.4% | +4.6% |
| 2021 | -22.4% | -34.0% | -0.8% |
| 2020 | -14.3% | -7.3% | -8.6% |
| 2019 | -2.7% | +3.4% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 Playwrights Horizons 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Playwrights Horizons Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $2.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either that executive compensation is not paid or is reported under different categories, which enhances transparency regarding direct officer pay.
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 Playwrights Horizons Inc's IRS 990 filings:
- Significant increase in liabilities from $1.1M in 2022 to $20.9M in 2023, requiring further investigation.
- Frequent operating deficits where expenses exceed revenue, as seen in 2023 ($13.49M expenses vs. $10.58M revenue).
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary, making efficiency analysis difficult without full 990 access.
Strengths
The following positive indicators were identified for Playwrights Horizons Inc:
- Consistent reporting of 0% officer compensation, indicating transparency or alternative compensation structures.
- Significant growth in assets from $27.8M in 2014 to $44M in 2023, demonstrating financial growth over the long term.
- Stable revenue generation over the past decade, generally ranging between $8M and $15M annually.
Frequently Asked Questions about Playwrights Horizons Inc
Is Playwrights Horizons Inc a legitimate charity?
Playwrights Horizons Inc (EIN: 132805131) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Playwrights Horizons Inc spend its money?
Playwrights Horizons Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Playwrights Horizons Inc tax-deductible?
Playwrights Horizons Inc is registered as a tax-exempt nonprofit (EIN: 132805131). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Playwrights Horizons Inc's spending goes to programs?
Playwrights Horizons Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Playwrights Horizons Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Playwrights Horizons Inc is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Playwrights Horizons Inc located?
Playwrights Horizons Inc is headquartered in New York, New York and files with the IRS under EIN 132805131. It is classified under NTEE code A650.
How many years of IRS 990 filings does Playwrights Horizons Inc have?
Playwrights Horizons 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 $18.4M in total revenue.
What caused the substantial increase in liabilities from $1.1 million in 2022 to $20.9 million in 2023?
This significant jump in liabilities requires further examination of the 2023 IRS 990 filing's balance sheet to identify the specific nature of these liabilities (e.g., debt, deferred revenue, grants payable) and their implications for the organization's financial health.
How does Playwrights Horizons Inc. cover its operating deficits, given that expenses frequently exceed revenue?
The organization likely relies on its accumulated assets, endowment drawdowns, or other non-operating income sources to cover the gaps between its annual operating revenues and expenses, as seen in periods like 2023 ($10.58M revenue vs. $13.49M expenses).
What is the long-term strategy for managing the recurring trend of expenses exceeding revenue?
To ensure sustainability, the organization should have a clear strategy for either increasing revenue streams, controlling expenses, or effectively utilizing its asset base to cover these deficits without eroding its financial stability.
Filing History
IRS 990 filing history for Playwrights Horizons Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Playwrights Horizons Inc's revenue has grown by 6.1%, moving from $10.0M to $10.6M. Total assets increased by 39.1% over the same period, from $31.7M to $44.0M. Total functional expenses rose by 30.2%, from $10.4M to $13.5M. In its most recent filing year (2023), Playwrights Horizons Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $20.9M in liabilities against $44.0M in assets (debt-to-asset ratio: 47.5%), resulting in net assets of $23.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $13.5M | $44.0M | $20.9M | — | View 990 |
| 2022 | $13.7M | $11.3M | $27.2M | $1.2M | — | View 990 |
| 2021 | $8.1M | $8.0M | $26.0M | $2.2M | — | View 990 |
| 2020 | $10.4M | $12.1M | $26.2M | $2.6M | — | View 990 |
| 2019 | $12.2M | $13.0M | $28.6M | $1.5M | — | View 990 |
| 2018 | $12.5M | $12.6M | $30.6M | $2.7M | — | View 990 |
| 2017 | $12.1M | $12.7M | $29.3M | $1.4M | — | View 990 |
| 2016 | $14.9M | $12.0M | $29.7M | $1.5M | — | View 990 |
| 2015 | $9.9M | $11.0M | $26.6M | $1.2M | — | View 990 |
| 2014 | $10.9M | $11.1M | $27.8M | $1.3M | — | View 990 |
| 2013 | $10.7M | $10.9M | $28.5M | $1.8M | — | View 990 |
| 2012 | $8.3M | $10.0M | $28.9M | $2.0M | — | View 990 |
| 2011 | $10.0M | $10.4M | $31.7M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $13.5M, and assets of $44.0M (revenue -23.0% year-over-year).
- 2022: Revenue of $13.7M, expenses of $11.3M, and assets of $27.2M (revenue +70.0% year-over-year).
- 2021: Revenue of $8.1M, expenses of $8.0M, and assets of $26.0M (revenue -22.4% year-over-year).
- 2020: Revenue of $10.4M, expenses of $12.1M, and assets of $26.2M (revenue -14.3% year-over-year).
- 2019: Revenue of $12.2M, expenses of $13.0M, and assets of $28.6M (revenue -2.7% year-over-year).
- 2018: Revenue of $12.5M, expenses of $12.6M, and assets of $30.6M (revenue +2.9% year-over-year).
- 2017: Revenue of $12.1M, expenses of $12.7M, and assets of $29.3M (revenue -18.6% year-over-year).
- 2016: Revenue of $14.9M, expenses of $12.0M, and assets of $29.7M (revenue +50.5% year-over-year).
- 2015: Revenue of $9.9M, expenses of $11.0M, and assets of $26.6M (revenue -9.2% year-over-year).
- 2014: Revenue of $10.9M, expenses of $11.1M, and assets of $27.8M (revenue +2.3% year-over-year).
- 2013: Revenue of $10.7M, expenses of $10.9M, and assets of $28.5M (revenue +28.1% year-over-year).
- 2012: Revenue of $8.3M, expenses of $10.0M, and assets of $28.9M (revenue -16.4% year-over-year).
- 2011: Revenue of $10.0M, expenses of $10.4M, and assets of $31.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Playwrights Horizons Inc:
Data Sources and Methodology
This transparency report for Playwrights Horizons 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.