Sound Theatre
EIN: 611663804 · Seattle, WA · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $573K |
| Total Expenses | $624K |
| Net Assets | $-38,915 |
Is Sound Theatre Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sound Theatre
Sound Theatre (EIN: 611663804) is a nonprofit organization based in Seattle, WA, classified under NTEE code A65. The organization reported total revenue of $573K and total assets of $358K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Theatre is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $473K |
| Total Expenses | $624K |
| Surplus / Deficit | $-150,708 |
| Total Assets | $28K |
| Total Liabilities | $67K |
| Net Assets | $-38,915 |
| Operating Margin | -31.8% |
| Debt-to-Asset Ratio | 240.4% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2023, Sound Theatre reported a deficit of $151K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 240.4% (high leverage).
Financial Trends
Over 10 years of filings (2013–2023), Sound Theatre's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.0% | +79.3% | -75.2% |
| 2022 | -24.8% | -15.9% | -19.0% |
| 2021 | +27.4% | +90.5% | -4.9% |
| 2020 | +130.5% | +47.5% | +1440.9% |
| 2019 | +12.7% | +18.4% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sound Theatre 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 Sound Theatre 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 $151K, with expenses exceeding revenue.
- Debt-to-asset ratio: 240.4%.
Frequently Asked Questions about Sound Theatre
Is Sound Theatre a legitimate charity?
Sound Theatre (EIN: 611663804) is a registered tax-exempt nonprofit based in Washington. It has 10 years of IRS 990 filings on record. Total revenue: $573K. No red flags identified. Financial health grade: D.
How does Sound Theatre spend its money?
Sound Theatre reported $573K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sound Theatre tax-deductible?
Sound Theatre is registered as a tax-exempt nonprofit (EIN: 611663804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sound Theatre located?
Sound Theatre is headquartered in Seattle, Washington and files with the IRS under EIN 611663804. It is classified under NTEE code A65.
How many years of IRS 990 filings does Sound Theatre have?
Sound Theatre has 10 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 $573K in total revenue.
Filing History
IRS 990 filing history for Sound Theatre showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Sound Theatre's revenue has grown by 547.3%, moving from $73K to $473K. Total assets increased by 38.4% over the same period, from $20K to $28K. Total functional expenses rose by 788%, from $70K to $624K. In its most recent filing year (2023), Sound Theatre reported a deficit of $151K, with expenses exceeding revenue. The organization holds $67K in liabilities against $28K in assets (debt-to-asset ratio: 240.4%), resulting in net assets of $-38,915.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $473K | $624K | $28K | $67K | — | — |
| 2022 | $322K | $348K | $112K | $0 | — | — |
| 2021 | $428K | $414K | $138K | $0 | — | View 990 |
| 2020 | $336K | $217K | $145K | $21K | — | — |
| 2019 | $146K | $147K | $9K | $0 | — | View 990 |
| 2018 | $129K | $124K | $8K | $0 | — | View 990 |
| 2017 | $108K | $115K | $3K | $0 | — | View 990 |
| 2015 | $95K | $85K | $6K | $734 | — | View 990 |
| 2014 | $74K | $78K | $1K | $808 | — | View 990 |
| 2013 | $73K | $70K | $20K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $473K, expenses of $624K, and assets of $28K (revenue +47.0% year-over-year).
- 2022: Revenue of $322K, expenses of $348K, and assets of $112K (revenue -24.8% year-over-year).
- 2021: Revenue of $428K, expenses of $414K, and assets of $138K (revenue +27.4% year-over-year).
- 2020: Revenue of $336K, expenses of $217K, and assets of $145K (revenue +130.5% year-over-year).
- 2019: Revenue of $146K, expenses of $147K, and assets of $9K (revenue +12.7% year-over-year).
- 2018: Revenue of $129K, expenses of $124K, and assets of $8K (revenue +20.2% year-over-year).
- 2017: Revenue of $108K, expenses of $115K, and assets of $3K (revenue +13.5% year-over-year).
- 2015: Revenue of $95K, expenses of $85K, and assets of $6K (revenue +28.6% year-over-year).
- 2014: Revenue of $74K, expenses of $78K, and assets of $1K (revenue +0.8% year-over-year).
- 2013: Revenue of $73K, expenses of $70K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Theatre:
Data Sources and Methodology
This transparency report for Sound Theatre 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.