Potomac Theatre Project Inc
Potomac Theatre Project Inc. shows volatile financial performance with a significant deficit in its latest filing.
EIN: 132960856 · Middlebury, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $5K |
| Program Spending | 75% |
| Net Assets | $27K |
| Transparency Score | 65/100 |
Is Potomac Theatre Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Potomac Theatre Project Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Potomac Theatre Project Inc
Potomac Theatre Project Inc (EIN: 132960856) is a nonprofit organization based in Middlebury, VT. The organization reported total revenue of $1K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potomac Theatre Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potomac Theatre Project Inc is a micro nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -36.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582 |
| Total Expenses | $5K |
| Surplus / Deficit | $-4,573 |
| Total Assets | $51K |
| Total Liabilities | $24K |
| Net Assets | $27K |
| Operating Margin | -785.7% |
| Debt-to-Asset Ratio | 46.5% |
| Months of Reserves | 119.3 months |
Financial Health Grade: B
In 2023, Potomac Theatre Project Inc reported a deficit of $5K with expenses exceeding revenue, holds 119.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Potomac Theatre Project Inc's revenue has declined at a compound annual growth rate (CAGR) of -36.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.7% | -96.9% | -8.2% |
| 2022 | +69.3% | +37.7% | +34.8% |
| 2021 | +1252.5% | +911.9% | -25.6% |
| 2020 | -96.7% | -94.9% | -6.8% |
| 2019 | +10.8% | +5.2% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1978 |
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 Potomac Theatre Project Inc with a Mission Score of 65 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, Potomac Theatre Project 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for a small organization like Potomac Theatre Project Inc.
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 Potomac Theatre Project Inc's IRS 990 filings:
- Significant deficit in the latest filing (202312) with revenue of $582 against expenses of $5,155.
- Highly volatile revenue streams, ranging from $582 (202312) to $257,846 (201512), indicating unpredictable funding.
- Static liabilities of approximately $23,861 over many years without significant reduction.
Strengths
The following positive indicators were identified for Potomac Theatre Project Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership.
- Generally maintained positive asset balances despite revenue fluctuations.
- Long filing history (13 filings) suggests ongoing operations and compliance.
Frequently Asked Questions about Potomac Theatre Project Inc
Is Potomac Theatre Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Potomac Theatre Project Inc (EIN: 132960856) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Potomac Theatre Project Inc spend its money?
Potomac Theatre Project Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Potomac Theatre Project Inc tax-deductible?
Potomac Theatre Project Inc is registered as a tax-exempt nonprofit (EIN: 132960856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Potomac Theatre Project Inc's spending goes to programs?
Potomac Theatre Project Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Potomac Theatre Project Inc located?
Potomac Theatre Project Inc is headquartered in Middlebury, Vermont and files with the IRS under EIN 132960856.
How many years of IRS 990 filings does Potomac Theatre Project Inc have?
Potomac Theatre Project 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 $1K in total revenue.
Is Potomac Theatre Project Inc. financially stable?
Potomac Theatre Project Inc. shows inconsistent financial stability. While some years like 202212 had healthy surpluses ($182,248 revenue vs. $167,837 expenses), the latest filing (202312) shows a significant deficit with $582 in revenue against $5,155 in expenses, raising concerns about short-term sustainability.
What is the reason for the large deficit in 2023?
The provided data does not specify the exact reasons for the large deficit in 2023, but it shows revenue dropped to $582 while expenses were $5,155. This could be due to reduced fundraising, fewer performances, or unexpected costs.
How does the organization manage its liabilities?
The organization's liabilities have remained remarkably consistent at approximately $23,861 across all filings, suggesting either a stable long-term debt or a lack of active management in reducing these obligations over time.
Filing History
IRS 990 filing history for Potomac Theatre Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Potomac Theatre Project Inc's revenue has declined by 99.6%, moving from $141K to $582. Total assets increased by 92.1% over the same period, from $27K to $51K. Total functional expenses fell by 96.3%, from $139K to $5K. In its most recent filing year (2023), Potomac Theatre Project Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $24K in liabilities against $51K in assets (debt-to-asset ratio: 46.5%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $582 | $5K | $51K | $24K | — | — |
| 2022 | $182K | $168K | $56K | $24K | — | View 990 |
| 2021 | $108K | $122K | $41K | $24K | — | View 990 |
| 2020 | $8K | $12K | $56K | $24K | — | View 990 |
| 2019 | $240K | $236K | $60K | $24K | — | View 990 |
| 2018 | $217K | $224K | $56K | $24K | — | View 990 |
| 2017 | $239K | $230K | $64K | $24K | — | View 990 |
| 2016 | $245K | $239K | $54K | $24K | — | View 990 |
| 2015 | $258K | $250K | $48K | $24K | — | View 990 |
| 2014 | $241K | $242K | $40K | $24K | — | View 990 |
| 2013 | $218K | $197K | $41K | $24K | — | View 990 |
| 2012 | $124K | $125K | $20K | $23K | — | View 990 |
| 2011 | $141K | $139K | $27K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $582, expenses of $5K, and assets of $51K (revenue -99.7% year-over-year).
- 2022: Revenue of $182K, expenses of $168K, and assets of $56K (revenue +69.3% year-over-year).
- 2021: Revenue of $108K, expenses of $122K, and assets of $41K (revenue +1252.5% year-over-year).
- 2020: Revenue of $8K, expenses of $12K, and assets of $56K (revenue -96.7% year-over-year).
- 2019: Revenue of $240K, expenses of $236K, and assets of $60K (revenue +10.8% year-over-year).
- 2018: Revenue of $217K, expenses of $224K, and assets of $56K (revenue -9.5% year-over-year).
- 2017: Revenue of $239K, expenses of $230K, and assets of $64K (revenue -2.3% year-over-year).
- 2016: Revenue of $245K, expenses of $239K, and assets of $54K (revenue -5.0% year-over-year).
- 2015: Revenue of $258K, expenses of $250K, and assets of $48K (revenue +6.8% year-over-year).
- 2014: Revenue of $241K, expenses of $242K, and assets of $40K (revenue +11.0% year-over-year).
- 2013: Revenue of $218K, expenses of $197K, and assets of $41K (revenue +75.0% year-over-year).
- 2012: Revenue of $124K, expenses of $125K, and assets of $20K (revenue -12.0% year-over-year).
- 2011: Revenue of $141K, expenses of $139K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potomac Theatre Project Inc:
Data Sources and Methodology
This transparency report for Potomac Theatre Project 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.