Soho Repertory Theatre Inc
Soho Repertory Theatre shows long-term asset growth despite recent revenue volatility and increased liabilities.
EIN: 132885288 · New York, NY · NTEE: A65Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.49 |
| Net Assets | $730K |
| Transparency Score | 88/100 |
Is Soho Repertory Theatre Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soho Repertory Theatre Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soho Repertory Theatre Inc
Soho Repertory Theatre Inc (EIN: 132885288) is a nonprofit organization based in New York, NY, classified under NTEE code A65Z. The organization reported total revenue of $2.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soho Repertory Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soho Repertory Theatre Inc is a mid-size nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$13K |
| Total Assets | $1.6M |
| Total Liabilities | $860K |
| Net Assets | $730K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 54.1% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Soho Repertory Theatre Inc reported a surplus of $13K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 54.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Soho Repertory Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.0% | +18.8% | +78.5% |
| 2022 | -33.6% | +51.8% | -58.2% |
| 2021 | +17.1% | -1.2% | +58.2% |
| 2020 | +2.9% | -3.1% | +36.9% |
| 2019 | +28.9% | +18.7% | +55.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
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 Soho Repertory Theatre Inc with a Mission Score of 88 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, Soho Repertory Theatre 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.1%.
Executive Compensation Analysis
Soho Repertory Theatre Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a highly efficient use of funds, with resources likely directed entirely towards programmatic and operational expenses, especially for an organization with revenues reaching $3.49 million in 2023.
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 Soho Repertory Theatre Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $1.79M in 202206 to $3.49M in 202306)
- Substantial increase in liabilities to $859,614 in 202306, up from $173,654 in 202206
Strengths
The following positive indicators were identified for Soho Repertory Theatre Inc:
- Consistent 0% officer compensation across all filings, indicating efficient resource allocation
- Long-term growth in assets from $488,280 in 201406 to $1,589,275 in 202306
- Consistent filing of IRS 990s over 12 periods, demonstrating transparency
- Positive net assets ($1,589,275 assets vs $859,614 liabilities in 202306)
Frequently Asked Questions about Soho Repertory Theatre Inc
Is Soho Repertory Theatre Inc a legitimate charity?
Soho Repertory Theatre Inc (EIN: 132885288) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Soho Repertory Theatre Inc spend its money?
Soho Repertory Theatre Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Soho Repertory Theatre Inc tax-deductible?
Soho Repertory Theatre Inc is registered as a tax-exempt nonprofit (EIN: 132885288). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Soho Repertory Theatre Inc CEO make?
Soho Repertory Theatre Inc's highest-compensated officer earns $3.49 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Soho Repertory Theatre Inc's spending goes to programs?
Soho Repertory Theatre Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soho Repertory Theatre Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Soho Repertory Theatre Inc is above average for NTEE category A65Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Soho Repertory Theatre Inc located?
Soho Repertory Theatre Inc is headquartered in New York, New York and files with the IRS under EIN 132885288. It is classified under NTEE code A65Z.
How many years of IRS 990 filings does Soho Repertory Theatre Inc have?
Soho Repertory Theatre Inc has 12 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 $2.3M in total revenue.
Is Soho Repertory Theatre Inc. financially stable given the revenue fluctuations?
While there have been significant year-over-year revenue fluctuations (e.g., $1.79M in 202206 to $3.49M in 202306), the organization has demonstrated long-term asset growth from $488,280 in 201406 to $1,589,275 in 202306, suggesting underlying stability. However, the increase in liabilities to $859,614 in 202306 should be monitored.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, indicating that a very high proportion of funds are likely allocated directly to programs and general operations rather than executive salaries. This suggests strong financial stewardship and a focus on mission delivery.
What caused the significant deficit in the 202206 period?
In the 202206 period, expenses ($2,929,981) significantly exceeded revenue ($1,791,913), resulting in a substantial deficit. The specific causes are not detailed in the provided data but could be due to increased program costs, one-time investments, or a temporary dip in fundraising.
Filing History
IRS 990 filing history for Soho Repertory Theatre Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Soho Repertory Theatre Inc's revenue has grown by 434%, moving from $654K to $3.5M. Total assets increased by 385.9% over the same period, from $327K to $1.6M. Total functional expenses rose by 373.5%, from $735K to $3.5M. In its most recent filing year (2023), Soho Repertory Theatre Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $860K in liabilities against $1.6M in assets (debt-to-asset ratio: 54.1%), resulting in net assets of $730K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.5M | $1.6M | $860K | — | — |
| 2022 | $1.8M | $2.9M | $890K | $174K | — | View 990 |
| 2021 | $2.7M | $1.9M | $2.1M | $301K | — | View 990 |
| 2020 | $2.3M | $2.0M | $1.3M | $286K | — | View 990 |
| 2019 | $2.2M | $2.0M | $983K | $274K | — | View 990 |
| 2017 | $1.7M | $1.7M | $632K | $159K | — | View 990 |
| 2016 | $1.5M | $1.5M | $575K | $142K | — | View 990 |
| 2015 | $1.6M | $1.5M | $527K | $51K | — | View 990 |
| 2014 | $1.3M | $1.3M | $488K | $66K | — | View 990 |
| 2013 | $1.4M | $1.3M | $509K | $58K | — | View 990 |
| 2012 | $933K | $854K | $400K | $46K | — | View 990 |
| 2011 | $654K | $735K | $327K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.5M, and assets of $1.6M (revenue +95.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.9M, and assets of $890K (revenue -33.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.9M, and assets of $2.1M (revenue +17.1% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.0M, and assets of $1.3M (revenue +2.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.0M, and assets of $983K (revenue +28.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $632K (revenue +18.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $575K (revenue -7.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $527K (revenue +23.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $488K (revenue -5.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $509K (revenue +45.1% year-over-year).
- 2012: Revenue of $933K, expenses of $854K, and assets of $400K (revenue +42.7% year-over-year).
- 2011: Revenue of $654K, expenses of $735K, and assets of $327K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soho Repertory Theatre Inc:
Data Sources and Methodology
This transparency report for Soho Repertory Theatre 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.