Taffety Punk Theatre Inc
Taffety Punk Theatre Inc. consistently operates without executive compensation and zero liabilities, managing fluctuating revenues.
EIN: 203839487 · Washington, DC · NTEE: A65 · Updated: 2026-03-28
Is Taffety Punk Theatre Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taffety Punk Theatre Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taffety Punk Theatre Inc
Taffety Punk Theatre Inc (EIN: 203839487) is a nonprofit organization based in Washington, DC, classified under NTEE code A65. The organization reported total revenue of $169K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taffety Punk Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taffety Punk Theatre Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $202K |
| Surplus / Deficit | $-30,049 |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | -17.5% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, Taffety Punk Theatre Inc reported a deficit of $30K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2013–2023), Taffety Punk Theatre Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.7% | -22.6% | -61.8% |
| 2022 | +184.4% | +170.7% | +60.1% |
| 2020 | -37.6% | -37.1% | +8.0% |
| 2019 | +17.8% | +13.0% | +21.1% |
| 2018 | +6.8% | +1.4% | +630.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Taffety Punk Theatre Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Taffety Punk Theatre Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $30K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for an organization of this 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 Taffety Punk Theatre Inc's IRS 990 filings:
- Occasional operating deficits, such as the $30,000 deficit in 202312 (Expenses $201,621 vs. Revenue $171,572), which could strain reserves if persistent.
Strengths
The following positive indicators were identified for Taffety Punk Theatre Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Zero liabilities reported in all available filings, demonstrating strong financial management and no reliance on debt.
- Long operational history (10 filings) for a small arts organization, showing resilience and community support.
- Strong program focus implied by the lack of executive compensation and lean administrative structure.
Frequently Asked Questions about Taffety Punk Theatre Inc
Is Taffety Punk Theatre Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Taffety Punk Theatre Inc (EIN: 203839487) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Taffety Punk Theatre Inc spend its money?
Taffety Punk Theatre Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Taffety Punk Theatre Inc tax-deductible?
Taffety Punk Theatre Inc is registered as a tax-exempt nonprofit (EIN: 203839487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Taffety Punk Theatre Inc. cover expenses when revenue is less than expenses, as seen in 202312?
The organization likely covers these shortfalls through accumulated reserves from prior profitable years (e.g., 202212 where revenue exceeded expenses by nearly $20,000) or through specific grants/donations that are recognized in different periods.
What is the long-term sustainability given the fluctuating revenue and occasional deficits?
The consistent absence of liabilities and the ability to maintain operations over a decade suggest a sustainable model, likely supported by a dedicated donor base and careful expense management, despite revenue fluctuations.
Does the 0% officer compensation indicate a fully volunteer-run organization?
While it strongly suggests a volunteer-driven leadership, it could also mean that any compensation for leadership roles is categorized differently (e.g., as program expenses for artistic directors who also perform) or is below the reporting threshold for officer compensation.
Filing History
IRS 990 filing history for Taffety Punk Theatre Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Taffety Punk Theatre Inc's revenue has grown by 51.5%, moving from $113K to $172K. Total assets decreased by 34.6% over the same period, from $28K to $19K. Total functional expenses rose by 115.3%, from $94K to $202K. In its most recent filing year (2023), Taffety Punk Theatre Inc reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $202K | $19K | $0 | — | — |
| 2022 | $280K | $260K | $49K | $0 | — | — |
| 2020 | $98K | $96K | $30K | $0 | — | View 990 |
| 2019 | $158K | $153K | $28K | $0 | — | View 990 |
| 2018 | $134K | $135K | $23K | $0 | — | View 990 |
| 2017 | $125K | $133K | $3K | $0 | — | — |
| 2016 | $128K | $134K | $11K | $0 | — | View 990 |
| 2015 | $141K | $157K | $2K | $0 | — | View 990 |
| 2014 | $129K | $139K | $18K | $0 | — | View 990 |
| 2013 | $113K | $94K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $202K, and assets of $19K (revenue -38.7% year-over-year).
- 2022: Revenue of $280K, expenses of $260K, and assets of $49K (revenue +184.4% year-over-year).
- 2020: Revenue of $98K, expenses of $96K, and assets of $30K (revenue -37.6% year-over-year).
- 2019: Revenue of $158K, expenses of $153K, and assets of $28K (revenue +17.8% year-over-year).
- 2018: Revenue of $134K, expenses of $135K, and assets of $23K (revenue +6.8% year-over-year).
- 2017: Revenue of $125K, expenses of $133K, and assets of $3K (revenue -2.0% year-over-year).
- 2016: Revenue of $128K, expenses of $134K, and assets of $11K (revenue -9.0% year-over-year).
- 2015: Revenue of $141K, expenses of $157K, and assets of $2K (revenue +8.9% year-over-year).
- 2014: Revenue of $129K, expenses of $139K, and assets of $18K (revenue +14.1% year-over-year).
- 2013: Revenue of $113K, expenses of $94K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taffety Punk Theatre Inc:
Data Sources and Methodology
This transparency report for Taffety Punk 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.