Summer Theatre Of New Canaan Inc
Summer Theatre Of New Canaan Inc frequently operates at a deficit with low assets and high liabilities.
EIN: 200936471 · New Canaan, CT · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $782K |
| Total Expenses | $753K |
| Program Spending | 80% |
| Net Assets | $-61,884 |
| Transparency Score | 65/100 |
Is Summer Theatre Of New Canaan Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summer Theatre Of New Canaan Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summer Theatre Of New Canaan Inc
Summer Theatre Of New Canaan Inc (EIN: 200936471) is a nonprofit organization based in New Canaan, CT, classified under NTEE code A65. The organization reported total revenue of $782K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summer Theatre Of New Canaan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summer Theatre Of New Canaan Inc is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $685K |
| Total Expenses | $753K |
| Surplus / Deficit | $-68,118 |
| Total Assets | $59K |
| Total Liabilities | $120K |
| Net Assets | $-61,884 |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 205.7% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Summer Theatre Of New Canaan Inc reported a deficit of $68K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 205.7% (high leverage).
Financial Trends
Over 11 years of filings (2010–2023), Summer Theatre Of New Canaan Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | -2.5% | -46.2% |
| 2022 | +82.6% | +176.5% | +143.0% |
| 2020 | -44.0% | -62.9% | +107.9% |
| 2019 | -5.5% | +9.0% | -80.8% |
| 2017 | +2.8% | -1.8% | +329.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Summer Theatre Of New Canaan Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Summer Theatre Of New Canaan Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 205.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation on the 990, which is unusual for an organization of this revenue size.
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 Summer Theatre Of New Canaan Inc's IRS 990 filings:
- Recurring deficit spending (e.g., 2023, 2022, 2019)
- High liabilities relative to assets (e.g., 2023: $120,431 liabilities vs. $58,547 assets)
- Low asset base for an organization of its revenue size
Strengths
The following positive indicators were identified for Summer Theatre Of New Canaan Inc:
- Consistent program delivery as indicated by sustained revenue levels over time
- No reported officer compensation, potentially indicating volunteer leadership or efficient use of funds in that area
- Consistent filing of IRS 990s, demonstrating transparency
Frequently Asked Questions about Summer Theatre Of New Canaan Inc
Is Summer Theatre Of New Canaan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Summer Theatre Of New Canaan Inc (EIN: 200936471) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Summer Theatre Of New Canaan Inc spend its money?
Summer Theatre Of New Canaan Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Summer Theatre Of New Canaan Inc tax-deductible?
Summer Theatre Of New Canaan Inc is registered as a tax-exempt nonprofit (EIN: 200936471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Summer Theatre Of New Canaan Inc's spending goes to programs?
Summer Theatre Of New Canaan Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summer Theatre Of New Canaan Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Summer Theatre Of New Canaan Inc is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summer Theatre Of New Canaan Inc located?
Summer Theatre Of New Canaan Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 200936471. It is classified under NTEE code A65.
How many years of IRS 990 filings does Summer Theatre Of New Canaan Inc have?
Summer Theatre Of New Canaan Inc has 11 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 $782K in total revenue.
Is Summer Theatre Of New Canaan Inc a good charity?
The organization is dedicated to its mission, but its financial stability is a concern due to recurring deficits and a high liabilities-to-assets ratio. Donors should consider these financial trends.
Why does Summer Theatre Of New Canaan Inc consistently spend more than it earns?
The filings show a pattern of expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2019, 2015, 2013), suggesting a potential challenge in balancing operational costs with fundraising efforts.
What is the organization's plan to address its high liabilities and low assets?
The organization's liabilities often significantly outweigh its assets (e.g., 2023: $120,431 liabilities vs. $58,547 assets), indicating a need for a strategic plan to improve its balance sheet and build financial reserves.
Filing History
IRS 990 filing history for Summer Theatre Of New Canaan Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Summer Theatre Of New Canaan Inc's revenue has grown by 23.7%, moving from $554K to $685K. Total assets increased by 47.8% over the same period, from $40K to $59K. Total functional expenses rose by 31%, from $575K to $753K. In its most recent filing year (2023), Summer Theatre Of New Canaan Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $120K in liabilities against $59K in assets (debt-to-asset ratio: 205.7%), resulting in net assets of $-61,884.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $685K | $753K | $59K | $120K | — | — |
| 2022 | $737K | $772K | $109K | $103K | — | View 990 |
| 2020 | $404K | $279K | $45K | $9K | — | View 990 |
| 2019 | $720K | $753K | $22K | $110K | — | View 990 |
| 2017 | $762K | $691K | $112K | $95K | — | View 990 |
| 2016 | $742K | $704K | $26K | $68K | — | View 990 |
| 2015 | $719K | $726K | $26K | $106K | — | View 990 |
| 2014 | $865K | $846K | $32K | $104K | — | View 990 |
| 2013 | $757K | $787K | $18K | $135K | — | View 990 |
| 2011 | $526K | $509K | $35K | $146K | — | View 990 |
| 2010 | $554K | $575K | $40K | $151K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $685K, expenses of $753K, and assets of $59K (revenue -7.1% year-over-year).
- 2022: Revenue of $737K, expenses of $772K, and assets of $109K (revenue +82.6% year-over-year).
- 2020: Revenue of $404K, expenses of $279K, and assets of $45K (revenue -44.0% year-over-year).
- 2019: Revenue of $720K, expenses of $753K, and assets of $22K (revenue -5.5% year-over-year).
- 2017: Revenue of $762K, expenses of $691K, and assets of $112K (revenue +2.8% year-over-year).
- 2016: Revenue of $742K, expenses of $704K, and assets of $26K (revenue +3.2% year-over-year).
- 2015: Revenue of $719K, expenses of $726K, and assets of $26K (revenue -16.9% year-over-year).
- 2014: Revenue of $865K, expenses of $846K, and assets of $32K (revenue +14.3% year-over-year).
- 2013: Revenue of $757K, expenses of $787K, and assets of $18K (revenue +43.8% year-over-year).
- 2011: Revenue of $526K, expenses of $509K, and assets of $35K (revenue -5.0% year-over-year).
- 2010: Revenue of $554K, expenses of $575K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summer Theatre Of New Canaan Inc:
Data Sources and Methodology
This transparency report for Summer Theatre Of New Canaan 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.