Ridgefield Workshop For The Performing Arts Inc
EIN: 61014706 · Ridgefield, CT · NTEE: A650
| Metric | Value |
|---|---|
| Total Revenue | $653K |
| Total Expenses | $405K |
| Net Assets | $785K |
Is Ridgefield Workshop For The Performing Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ridgefield Workshop For The Performing Arts Inc
Ridgefield Workshop For The Performing Arts Inc (EIN: 61014706) is a nonprofit organization based in Ridgefield, CT, classified under NTEE code A650. The organization reported total revenue of $653K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgefield Workshop For The Performing Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridgefield Workshop For The Performing Arts Inc is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $579K |
| Total Expenses | $405K |
| Surplus / Deficit | +$174K |
| Total Assets | $1.0M |
| Total Liabilities | $237K |
| Net Assets | $785K |
| Operating Margin | 30.0% |
| Debt-to-Asset Ratio | 23.2% |
| Months of Reserves | 30.3 months |
Financial Health Grade: A
In 2023, Ridgefield Workshop For The Performing Arts Inc reported a surplus of $174K with revenue exceeding expenses, holds 30.3 months of operating reserves (strong position), has a debt-to-asset ratio of 23.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ridgefield Workshop For The Performing Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | +18.6% | +22.6% |
| 2022 | +274.8% | +172.2% | +391.5% |
| 2021 | +19.0% | -59.2% | +198.6% |
| 2020 | -36.1% | -1.3% | -49.9% |
| 2019 | +12.8% | +2.7% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ridgefield Workshop For The Performing Arts 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 Ridgefield Workshop For The Performing Arts 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 surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.2%.
Frequently Asked Questions about Ridgefield Workshop For The Performing Arts Inc
Is Ridgefield Workshop For The Performing Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ridgefield Workshop For The Performing Arts Inc (EIN: 61014706) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ridgefield Workshop For The Performing Arts Inc spend its money?
Detailed spending breakdown data is not yet available for Ridgefield Workshop For The Performing Arts Inc. Check back for updated IRS 990 analysis.
Are donations to Ridgefield Workshop For The Performing Arts Inc tax-deductible?
Ridgefield Workshop For The Performing Arts Inc is registered as a tax-exempt nonprofit (EIN: 61014706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ridgefield Workshop For The Performing Arts Inc located?
Ridgefield Workshop For The Performing Arts Inc is headquartered in Ridgefield, Connecticut and files with the IRS under EIN 61014706. It is classified under NTEE code A650.
How many years of IRS 990 filings does Ridgefield Workshop For The Performing Arts Inc have?
Ridgefield Workshop For The Performing Arts 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 $653K in total revenue.
Filing History
IRS 990 filing history for Ridgefield Workshop For The Performing Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ridgefield Workshop For The Performing Arts Inc's revenue has grown by 351.2%, moving from $128K to $579K. Total assets increased by 315.6% over the same period, from $246K to $1.0M. Total functional expenses rose by 142.4%, from $167K to $405K. In its most recent filing year (2023), Ridgefield Workshop For The Performing Arts Inc reported a surplus of $174K, with revenue exceeding expenses. The organization holds $237K in liabilities against $1.0M in assets (debt-to-asset ratio: 23.2%), resulting in net assets of $785K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $579K | $405K | $1.0M | $237K | — | View 990 |
| 2022 | $870K | $342K | $834K | $222K | — | View 990 |
| 2021 | $232K | $126K | $170K | $87K | — | View 990 |
| 2020 | $195K | $308K | $57K | $90K | — | View 990 |
| 2019 | $305K | $312K | $114K | $33K | — | View 990 |
| 2018 | $271K | $304K | $100K | $14K | — | View 990 |
| 2017 | $208K | $220K | $126K | $6K | — | View 990 |
| 2016 | $305K | $302K | $131K | $38 | — | View 990 |
| 2015 | $209K | $250K | $130K | $2K | — | View 990 |
| 2014 | $183K | $195K | $168K | $0 | — | View 990 |
| 2013 | $172K | $179K | $186K | $5K | — | View 990 |
| 2012 | $123K | $154K | $203K | $15K | — | View 990 |
| 2011 | $128K | $167K | $246K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $579K, expenses of $405K, and assets of $1.0M (revenue -33.5% year-over-year).
- 2022: Revenue of $870K, expenses of $342K, and assets of $834K (revenue +274.8% year-over-year).
- 2021: Revenue of $232K, expenses of $126K, and assets of $170K (revenue +19.0% year-over-year).
- 2020: Revenue of $195K, expenses of $308K, and assets of $57K (revenue -36.1% year-over-year).
- 2019: Revenue of $305K, expenses of $312K, and assets of $114K (revenue +12.8% year-over-year).
- 2018: Revenue of $271K, expenses of $304K, and assets of $100K (revenue +30.1% year-over-year).
- 2017: Revenue of $208K, expenses of $220K, and assets of $126K (revenue -31.8% year-over-year).
- 2016: Revenue of $305K, expenses of $302K, and assets of $131K (revenue +45.8% year-over-year).
- 2015: Revenue of $209K, expenses of $250K, and assets of $130K (revenue +14.4% year-over-year).
- 2014: Revenue of $183K, expenses of $195K, and assets of $168K (revenue +6.3% year-over-year).
- 2013: Revenue of $172K, expenses of $179K, and assets of $186K (revenue +39.7% year-over-year).
- 2012: Revenue of $123K, expenses of $154K, and assets of $203K (revenue -4.0% year-over-year).
- 2011: Revenue of $128K, expenses of $167K, and assets of $246K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridgefield Workshop For The Performing Arts Inc:
Data Sources and Methodology
This transparency report for Ridgefield Workshop For The Performing Arts 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.