Racine Theatre Guild Inc
EIN: 390981929 · Racine, WI · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $866K |
| Net Assets | $1.5M |
Is Racine Theatre Guild Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Racine Theatre Guild Inc
Racine Theatre Guild Inc (EIN: 390981929) is a nonprofit organization based in Racine, WI, classified under NTEE code A650. The organization reported total revenue of $1.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racine Theatre Guild Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racine Theatre Guild Inc is a mid-size nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $743K |
| Total Expenses | $866K |
| Surplus / Deficit | $-122,910 |
| Total Assets | $1.7M |
| Total Liabilities | $192K |
| Net Assets | $1.5M |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 23.8 months |
Financial Health Grade: B
In 2023, Racine Theatre Guild Inc reported a deficit of $123K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Racine Theatre Guild Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.1% | +30.9% | -0.4% |
| 2022 | +126.5% | +74.3% | +35.7% |
| 2021 | -36.5% | -47.1% | +4.7% |
| 2020 | -5.9% | -23.9% | +12.2% |
| 2019 | +15.2% | +31.7% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1940 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Racine Theatre Guild Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Racine Theatre Guild Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $123K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Racine Theatre Guild Inc
Is Racine Theatre Guild Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Racine Theatre Guild Inc (EIN: 390981929) insufficient data. 0 red flags identified, 0 strengths noted.
How does Racine Theatre Guild Inc spend its money?
Detailed spending breakdown data is not yet available for Racine Theatre Guild Inc. Check back for updated IRS 990 analysis.
Are donations to Racine Theatre Guild Inc tax-deductible?
Racine Theatre Guild Inc is registered as a tax-exempt nonprofit (EIN: 390981929). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Racine Theatre Guild Inc located?
Racine Theatre Guild Inc is headquartered in Racine, Wisconsin and files with the IRS under EIN 390981929. It is classified under NTEE code A650.
How many years of IRS 990 filings does Racine Theatre Guild Inc have?
Racine Theatre Guild 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Racine Theatre Guild Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Racine Theatre Guild Inc's revenue has grown by 9%, moving from $682K to $743K. Total assets increased by 93.3% over the same period, from $890K to $1.7M. Total functional expenses rose by 17.1%, from $740K to $866K. In its most recent filing year (2023), Racine Theatre Guild Inc reported a deficit of $123K, with expenses exceeding revenue. The organization holds $192K in liabilities against $1.7M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $743K | $866K | $1.7M | $192K | — | View 990 |
| 2022 | $1.2M | $662K | $1.7M | $168K | — | View 990 |
| 2021 | $548K | $380K | $1.3M | $75K | — | View 990 |
| 2020 | $863K | $718K | $1.2M | $232K | — | View 990 |
| 2019 | $917K | $944K | $1.1M | $222K | — | View 990 |
| 2018 | $796K | $717K | $1.2M | $293K | — | View 990 |
| 2017 | $740K | $756K | $975K | $183K | — | View 990 |
| 2016 | $984K | $839K | $997K | $189K | — | View 990 |
| 2015 | $717K | $766K | $912K | $249K | — | View 990 |
| 2014 | $781K | $791K | $883K | $170K | — | View 990 |
| 2013 | $837K | $768K | $930K | $206K | — | View 990 |
| 2012 | $782K | $797K | $864K | $215K | — | View 990 |
| 2011 | $682K | $740K | $890K | $226K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $743K, expenses of $866K, and assets of $1.7M (revenue -40.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $662K, and assets of $1.7M (revenue +126.5% year-over-year).
- 2021: Revenue of $548K, expenses of $380K, and assets of $1.3M (revenue -36.5% year-over-year).
- 2020: Revenue of $863K, expenses of $718K, and assets of $1.2M (revenue -5.9% year-over-year).
- 2019: Revenue of $917K, expenses of $944K, and assets of $1.1M (revenue +15.2% year-over-year).
- 2018: Revenue of $796K, expenses of $717K, and assets of $1.2M (revenue +7.6% year-over-year).
- 2017: Revenue of $740K, expenses of $756K, and assets of $975K (revenue -24.8% year-over-year).
- 2016: Revenue of $984K, expenses of $839K, and assets of $997K (revenue +37.2% year-over-year).
- 2015: Revenue of $717K, expenses of $766K, and assets of $912K (revenue -8.2% year-over-year).
- 2014: Revenue of $781K, expenses of $791K, and assets of $883K (revenue -6.7% year-over-year).
- 2013: Revenue of $837K, expenses of $768K, and assets of $930K (revenue +7.0% year-over-year).
- 2012: Revenue of $782K, expenses of $797K, and assets of $864K (revenue +14.6% year-over-year).
- 2011: Revenue of $682K, expenses of $740K, and assets of $890K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racine Theatre Guild Inc:
Data Sources and Methodology
This transparency report for Racine Theatre Guild 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.