Primary Stages Company Inc
Primary Stages Company Inc shows inconsistent financial performance with frequent deficit spending and fluctuating asset levels.
EIN: 133258765 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $134K |
| Transparency Score | 65/100 |
Is Primary Stages Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Primary Stages Company Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Primary Stages Company Inc
Primary Stages Company Inc (EIN: 133258765) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $2.8M and total assets of $523K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primary Stages Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primary Stages Company Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-371,534 |
| Total Assets | $372K |
| Total Liabilities | $239K |
| Net Assets | $134K |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 64.1% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Primary Stages Company Inc reported a deficit of $372K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 64.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Primary Stages Company Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +49.7% | -51.9% |
| 2022 | +65.9% | +29.7% | -13.9% |
| 2021 | -43.5% | -41.9% | +23.7% |
| 2020 | -21.1% | -31.8% | +117.9% |
| 2019 | +3.6% | +5.7% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Primary Stages Company 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, Primary Stages Company 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 $372K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with annual revenues often exceeding $2.5 million. This either indicates that no officers receive compensation, or that compensation is reported under different categories, requiring further scrutiny for a complete understanding of executive 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 Primary Stages Company Inc's IRS 990 filings:
- Frequent deficit spending (e.g., 202306, 201906, 201806, 201706, 201506)
- Significant fluctuations in assets and liabilities year-over-year
- Consistent 0% officer compensation reported, which may obscure actual executive pay
- Latest revenue ($2,812,216) is lower than peak revenues in previous years (e.g., $3,672,952 in 201406)
Strengths
The following positive indicators were identified for Primary Stages Company Inc:
- Long history of IRS 990 filings (13 filings), indicating consistent reporting
- Maintains a substantial level of revenue, often exceeding $2.5 million annually
- NTEE code A650 (Performing Arts, Theater) suggests a clear mission focus
Frequently Asked Questions about Primary Stages Company Inc
Is Primary Stages Company Inc a legitimate charity?
Primary Stages Company Inc (EIN: 133258765) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 4 red flags identified. 3 strengths noted. Financial health grade: D.
How does Primary Stages Company Inc spend its money?
Primary Stages Company Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Primary Stages Company Inc tax-deductible?
Primary Stages Company Inc is registered as a tax-exempt nonprofit (EIN: 133258765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Primary Stages Company Inc CEO make?
Primary Stages Company Inc's highest-compensated officer earns $2.5 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Primary Stages Company Inc's spending goes to programs?
Primary Stages Company Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Primary Stages Company Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Primary Stages Company 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 Primary Stages Company Inc located?
Primary Stages Company Inc is headquartered in New York, New York and files with the IRS under EIN 133258765. It is classified under NTEE code A650.
How many years of IRS 990 filings does Primary Stages Company Inc have?
Primary Stages 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 $2.8M in total revenue.
Is Primary Stages Company Inc financially stable?
The organization's financial stability is inconsistent. It has frequently reported expenses exceeding revenue, such as in 202306 where expenses were $2,741,925 against revenues of $2,370,391, and assets have fluctuated significantly, indicating potential challenges in maintaining consistent financial health.
What is the trend in Primary Stages Company Inc's assets?
Assets have shown considerable fluctuation, ranging from a low of $333,917 in 201906 to a high of $900,100 in 202106. The latest reported assets are $523,116, which is lower than some previous years, suggesting an inconsistent ability to build and retain reserves.
How does Primary Stages Company Inc manage its liabilities?
Liabilities have also varied, reaching a high of $1,051,751 in 202106. While the latest liabilities are not provided in the summary, the organization has at times carried significant debt relative to its assets, which could pose a risk.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with revenues in the millions. This could mean that officers are unpaid, or their compensation is reported under other expense categories, which would require a deeper dive into the full 990 forms to understand.
Filing History
IRS 990 filing history for Primary Stages Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Primary Stages Company Inc's revenue has declined by 3%, moving from $2.4M to $2.4M. Total assets decreased by 35.7% over the same period, from $579K to $372K. Total functional expenses rose by 20.4%, from $2.3M to $2.7M. In its most recent filing year (2023), Primary Stages Company Inc reported a deficit of $372K, with expenses exceeding revenue. The organization holds $239K in liabilities against $372K in assets (debt-to-asset ratio: 64.1%), resulting in net assets of $134K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.7M | $372K | $239K | — | — |
| 2022 | $2.5M | $1.8M | $775K | $270K | — | View 990 |
| 2021 | $1.5M | $1.4M | $900K | $1.1M | — | View 990 |
| 2020 | $2.7M | $2.4M | $728K | $967K | — | View 990 |
| 2019 | $3.4M | $3.6M | $334K | $800K | — | View 990 |
| 2018 | $3.3M | $3.4M | $380K | $651K | — | View 990 |
| 2017 | $2.9M | $3.2M | $466K | $618K | — | View 990 |
| 2016 | $3.3M | $3.3M | $599K | $443K | — | View 990 |
| 2015 | $2.8M | $2.9M | $729K | $600K | — | View 990 |
| 2014 | $3.7M | $3.2M | $610K | $338K | — | View 990 |
| 2013 | $3.1M | $2.9M | $429K | $650K | — | View 990 |
| 2012 | $2.6M | $2.6M | $273K | $620K | — | View 990 |
| 2011 | $2.4M | $2.3M | $579K | $890K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.7M, and assets of $372K (revenue -4.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.8M, and assets of $775K (revenue +65.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $900K (revenue -43.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.4M, and assets of $728K (revenue -21.1% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.6M, and assets of $334K (revenue +3.6% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.4M, and assets of $380K (revenue +13.9% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.2M, and assets of $466K (revenue -14.3% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.3M, and assets of $599K (revenue +19.2% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.9M, and assets of $729K (revenue -23.9% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.2M, and assets of $610K (revenue +20.3% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.9M, and assets of $429K (revenue +19.3% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $273K (revenue +4.8% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $579K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primary Stages Company Inc:
Data Sources and Methodology
This transparency report for Primary Stages 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.