Syracuse Area Landmark Theatre
Syracuse Area Landmark Theatre: Financial Volatility Amidst Mission Focus
EIN: 222148823 · Syracuse, NY · NTEE: A610 · Updated: 2026-04-04
About Syracuse Area Landmark Theatre
Syracuse Area Landmark Theatre (EIN: 222148823) is a nonprofit organization based in Syracuse, NY, classified under NTEE code A610. The organization reported total revenue of $4.5M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Syracuse Area Landmark Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Syracuse Area Landmark Theatre with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Syracuse Area Landmark Theatre 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.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly atypical and warrants further investigation into how leadership is compensated or if these roles are entirely volunteer-based.
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 Syracuse Area Landmark Theatre's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about the true nature of leadership compensation or potential underreporting.
- Extreme revenue volatility, particularly the drop from $15.2M in 2022 to $3.8M in 2023, indicates potential instability or reliance on infrequent large grants/events.
- The significant increase in liabilities from $465,283 in 2016 to $12,994,482 in 2019, and remaining high, suggests substantial debt or long-term obligations.
Strengths
The following positive indicators were identified for Syracuse Area Landmark Theatre:
- The organization maintains substantial assets, with total assets consistently above $17 million since 2018, indicating a strong financial base.
- Despite revenue fluctuations, the organization has consistently reported positive net assets (assets exceeding liabilities) in recent years.
- The theatre's continued operation and asset growth suggest resilience in fulfilling its mission despite financial challenges.
Frequently Asked Questions about Syracuse Area Landmark Theatre
What does Syracuse Area Landmark Theatre do?
Syracuse Area Landmark Theatre is a nonprofit organization in the Arts, Culture & Humanities sector, located in Syracuse, New York. It is classified under NTEE code A610.
How much revenue does Syracuse Area Landmark Theatre have?
Syracuse Area Landmark Theatre reported total revenue of $4,543,451. Based on 13 IRS 990 filings on record.
What are Syracuse Area Landmark Theatre's total assets?
Syracuse Area Landmark Theatre holds total assets of $21,461,597 as reported in IRS 990 filings.
Where is Syracuse Area Landmark Theatre located?
Syracuse Area Landmark Theatre is based in Syracuse, New York.
What is Syracuse Area Landmark Theatre's EIN?
Syracuse Area Landmark Theatre's Employer Identification Number (EIN) is 222148823. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Syracuse Area Landmark Theatre?
Syracuse Area Landmark Theatre is classified under NTEE code A610 (Arts, Culture & Humanities).
Is Syracuse Area Landmark Theatre a registered 501(c)(3)?
Yes, Syracuse Area Landmark Theatre is recognized as a tax-exempt organization by the IRS. EIN: 222148823.
Does Syracuse Area Landmark Theatre file IRS Form 990?
Yes, Syracuse Area Landmark Theatre has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Syracuse Area Landmark Theatre's revenue in 2023?
In the 202312 filing period, Syracuse Area Landmark Theatre reported total revenue of $3,843,377, total expenses of $3,304,248, and net assets of $22,963,585.
Is Syracuse Area Landmark Theatre's revenue growing or declining?
Syracuse Area Landmark Theatre's revenue is declining. Revenue went from $15,247,679 (202212) to $3,843,377 (202312), a -74.8% change. Based on 13 filings on record.
What is Syracuse Area Landmark Theatre's most recent 990 filing?
The most recent IRS Form 990 filing for Syracuse Area Landmark Theatre covers tax period 202312. It shows revenue of $3,843,377, expenses of $3,304,248, total assets of $22,963,585, and liabilities of $3,378,045.
How much does Syracuse Area Landmark Theatre spend on programs vs administration?
Based on IRS 990 analysis, Syracuse Area Landmark Theatre allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Syracuse Area Landmark Theatre a trustworthy charity?
Based on AI analysis of IRS 990 data, Syracuse Area Landmark Theatre appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Syracuse Area Landmark Theatre?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about the true nature of leadership compensation or potential underreporting.. Extreme revenue volatility, particularly the drop from $15.2M in 2022 to $3.8M in 2023, indicates potential instability or reliance on infrequent large grants/events.. The significant increase in liabilities from $465,283 in 2016 to $12,994,482 in 2019, and remaining high, suggests substantial debt or long-term obligations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Syracuse Area Landmark Theatre's strengths?
Positive indicators for Syracuse Area Landmark Theatre include: The organization maintains substantial assets, with total assets consistently above $17 million since 2018, indicating a strong financial base.. Despite revenue fluctuations, the organization has consistently reported positive net assets (assets exceeding liabilities) in recent years.. The theatre's continued operation and asset growth suggest resilience in fulfilling its mission despite financial challenges.. These findings are derived from AI analysis of the organization's financial filings.
How does Syracuse Area Landmark Theatre compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly atypical and warrants further investigation into how leadership is compensated or if these roles are entirely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization attract and retain qualified leadership, and what is the actual compensation structure for key personnel?
The consistent reporting of $0 for executive compensation is highly unusual for an organization of this scale. It suggests either an entirely volunteer-led executive team, or that compensation is being reported under different categories, or through a related entity not detailed in these filings. Further inquiry into their Form 990, Part VII, Section A, Column (D) and (E) would be necessary to understand the full compensation picture.
What factors contributed to the dramatic revenue increase in 2022 ($15,247,679) and the subsequent sharp decline in 2023 ($3,843,377)?
The significant revenue spike in 2022, followed by a return to more typical levels in 2023, suggests a one-time major event, capital campaign, large grant, or a significant asset sale. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it indicates a non-recurring income source rather than sustainable operational growth.
Filing History
IRS 990 filing history for Syracuse Area Landmark Theatre showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Syracuse Area Landmark Theatre's revenue has declined by 26.7%, moving from $5.2M to $3.8M. Total assets increased by 151.2% over the same period, from $9.1M to $23.0M. Total functional expenses rose by 6035.9%, from $54K to $3.3M. In its most recent filing year (2023), Syracuse Area Landmark Theatre reported a surplus of $539K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $23.0M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $19.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.3M | $23.0M | $3.4M | — | — |
| 2022 | $15.2M | $3.3M | $20.5M | $1.4M | — | View 990 |
| 2021 | $4.6M | $1.8M | $25.6M | $18.5M | — | View 990 |
| 2020 | $580K | $2.0M | $17.6M | $13.4M | — | — |
| 2019 | $2.9M | $3.6M | $18.7M | $13.0M | — | View 990 |
| 2018 | $2.4M | $3.8M | $18.9M | $12.4M | — | View 990 |
| 2017 | $-7,094,664 | $166K | $19.8M | $12.0M | — | View 990 |
| 2016 | $315K | $100K | $7.3M | $465K | — | View 990 |
| 2015 | $413K | $77K | $9.1M | $654K | — | View 990 |
| 2014 | $242K | $62K | $9.1M | $922K | — | View 990 |
| 2013 | $160K | $56K | $9.0M | $987K | — | View 990 |
| 2012 | $1.7M | $48K | $9.0M | $1.1M | — | View 990 |
| 2011 | $5.2M | $54K | $9.1M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.3M, and assets of $23.0M (revenue -74.8% year-over-year).
- 2022: Revenue of $15.2M, expenses of $3.3M, and assets of $20.5M (revenue +230.1% year-over-year).
- 2021: Revenue of $4.6M, expenses of $1.8M, and assets of $25.6M (revenue +696.0% year-over-year).
- 2020: Revenue of $580K, expenses of $2.0M, and assets of $17.6M (revenue -80.0% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.6M, and assets of $18.7M (revenue +19.4% year-over-year).
- 2018: Revenue of $2.4M, expenses of $3.8M, and assets of $18.9M.
- 2017: Revenue of $-7,094,664, expenses of $166K, and assets of $19.8M (revenue -2353.5% year-over-year).
- 2016: Revenue of $315K, expenses of $100K, and assets of $7.3M (revenue -23.7% year-over-year).
- 2015: Revenue of $413K, expenses of $77K, and assets of $9.1M (revenue +70.7% year-over-year).
- 2014: Revenue of $242K, expenses of $62K, and assets of $9.1M (revenue +50.8% year-over-year).
- 2013: Revenue of $160K, expenses of $56K, and assets of $9.0M (revenue -90.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $48K, and assets of $9.0M (revenue -66.8% year-over-year).
- 2011: Revenue of $5.2M, expenses of $54K, and assets of $9.1M.
Data Sources and Methodology
This transparency report for Syracuse Area Landmark 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.