Queens Theatre In The Park Inc
Queens Theatre In The Park Inc maintains stable finances with no reported officer compensation.
EIN: 113381629 · Corona, NY · NTEE: A600 · Updated: 2026-03-28
Is Queens Theatre In The Park Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Queens Theatre In The Park Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Queens Theatre In The Park Inc
Queens Theatre In The Park Inc (EIN: 113381629) is a nonprofit organization based in Corona, NY, classified under NTEE code A600. The organization reported total revenue of $3.4M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Queens Theatre In The Park 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 Queens Theatre In The Park Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Queens Theatre In The Park Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other categories, though the former is more likely given the consistent reporting.
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.
Strengths
The following positive indicators were identified for Queens Theatre In The Park Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Generally stable financial operations with revenues closely matching expenses over many years.
- Gradual growth in assets from $856,562 in 2014 to $1,481,433 in 2023, demonstrating financial health.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Strong program focus implied by the absence of executive compensation, directing more funds to mission-related activities.
Frequently Asked Questions about Queens Theatre In The Park Inc
Is Queens Theatre In The Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens Theatre In The Park Inc (EIN: 113381629) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Queens Theatre In The Park Inc spend its money?
Queens Theatre In The Park Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Queens Theatre In The Park Inc tax-deductible?
Queens Theatre In The Park Inc is registered as a tax-exempt nonprofit (EIN: 113381629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Queens Theatre In The Park Inc a good charity?
Based on the available financial data, Queens Theatre In The Park Inc appears to be a well-managed charity. Its consistent reporting of 0% officer compensation, generally balanced budgets, and growing asset base suggest a strong commitment to its mission and efficient use of funds.
What caused the significant revenue and expense spike in 2022?
The IRS 990 data alone does not specify the exact cause of the $14.7 million revenue and expense spike in 2022. This could be due to a major capital project, a large grant for a specific program, or a significant one-time event. Further investigation into their annual reports or public statements for that period would be needed to understand this anomaly.
How does the organization sustain itself without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's executive leadership may be entirely volunteer-based, or that any compensation for leadership roles is categorized differently within their financial statements (e.g., as program or administrative staff salaries if they are not legally defined as 'officers' for compensation purposes). This practice, if truly volunteer-driven, significantly reduces overhead and maximizes funds for programs.
Filing History
IRS 990 filing history for Queens Theatre In The Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Queens Theatre In The Park Inc's revenue has grown by 6.1%, moving from $2.6M to $2.8M. Total assets decreased by 12.9% over the same period, from $1.7M to $1.5M. Total functional expenses rose by 8.5%, from $2.7M to $2.9M. In its most recent filing year (2023), Queens Theatre In The Park Inc reported a deficit of $116K, with expenses exceeding revenue. The organization holds $442K in liabilities against $1.5M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.9M | $1.5M | $442K | — | View 990 |
| 2022 | $14.7M | $14.6M | $1.4M | $280K | — | View 990 |
| 2021 | $1.6M | $1.6M | $1.6M | $527K | — | View 990 |
| 2020 | $2.5M | $2.4M | $1.7M | $505K | — | View 990 |
| 2019 | $2.6M | $2.5M | $1.3M | $167K | — | View 990 |
| 2018 | $2.5M | $2.3M | $1.2M | $151K | — | View 990 |
| 2017 | $2.1M | $2.1M | $951K | $136K | — | View 990 |
| 2016 | $2.0M | $2.0M | $871K | $89K | — | View 990 |
| 2015 | $1.9M | $1.9M | $883K | $125K | — | View 990 |
| 2014 | $1.8M | $1.8M | $857K | $108K | — | View 990 |
| 2013 | $1.9M | $2.0M | $775K | $126K | — | View 990 |
| 2012 | $2.4M | $3.1M | $1.3M | $482K | — | View 990 |
| 2011 | $2.6M | $2.7M | $1.7M | $239K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $1.5M (revenue -81.0% year-over-year).
- 2022: Revenue of $14.7M, expenses of $14.6M, and assets of $1.4M (revenue +835.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -36.6% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $1.7M (revenue -5.7% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.5M, and assets of $1.3M (revenue +4.6% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.3M, and assets of $1.2M (revenue +19.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.1M, and assets of $951K (revenue +5.2% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $871K (revenue +3.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $883K (revenue +4.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $857K (revenue -1.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.0M, and assets of $775K (revenue -23.7% year-over-year).
- 2012: Revenue of $2.4M, expenses of $3.1M, and assets of $1.3M (revenue -7.6% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.7M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Queens Theatre In The Park 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.