The Contemporary Theater
The Contemporary Theater shows consistent asset growth but reported a deficit in 2023 with 0% officer compensation.
EIN: 204955082 · Wakefield, RI · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $663K |
| Total Expenses | $576K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $662,661. |
| Net Assets | $987K |
| Transparency Score | 85/100 |
Is The Contemporary Theater Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Contemporary Theater directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Contemporary Theater
The Contemporary Theater (EIN: 204955082) is a nonprofit organization based in Wakefield, RI, classified under NTEE code A65. The organization reported total revenue of $663K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Contemporary Theater's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Contemporary Theater is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $516K |
| Total Expenses | $576K |
| Surplus / Deficit | $-60,049 |
| Total Assets | $1.3M |
| Total Liabilities | $352K |
| Net Assets | $987K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 26.3% |
| Months of Reserves | 27.9 months |
Financial Health Grade: B
In 2023, The Contemporary Theater reported a deficit of $60K with expenses exceeding revenue, holds 27.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Contemporary Theater's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.5% | +6.4% | -3.6% |
| 2022 | -5.8% | +48.3% | +7.8% |
| 2021 | +130.7% | +55.6% | +23.0% |
| 2020 | -33.4% | -38.6% | +5.8% |
| 2019 | -11.7% | +2.5% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 The Contemporary Theater 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Contemporary Theater 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 deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer compensation, which is highly favorable for a nonprofit of its size with latest revenue of $662,661.
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 The Contemporary Theater's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($575,596 vs. $515,547), indicating a deficit for the most recent period.
Strengths
The following positive indicators were identified for The Contemporary Theater:
- Consistent asset growth over the past decade, from $73,516 in 2014 to $1,338,446 in 2023.
- Zero officer compensation reported across all 13 available filings, indicating strong resource allocation towards mission.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating good transparency and compliance.
- Healthy asset-to-liability ratio, with assets of $1,338,446 and liabilities of $351,918 in 2023.
Frequently Asked Questions about The Contemporary Theater
Is The Contemporary Theater a legitimate charity?
Based on AI analysis of IRS 990 filings, The Contemporary Theater (EIN: 204955082) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Contemporary Theater spend its money?
The Contemporary Theater directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Contemporary Theater tax-deductible?
The Contemporary Theater is registered as a tax-exempt nonprofit (EIN: 204955082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Contemporary Theater CEO make?
The Contemporary Theater's highest-compensated officer earns $662,661. annually. The organization reported $663K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Contemporary Theater's spending goes to programs?
The Contemporary Theater directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Contemporary Theater compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Contemporary Theater 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 The Contemporary Theater located?
The Contemporary Theater is headquartered in Wakefield, Rhode Island and files with the IRS under EIN 204955082. It is classified under NTEE code A65.
How many years of IRS 990 filings does The Contemporary Theater have?
The Contemporary Theater has 13 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 $663K in total revenue.
Is The Contemporary Theater financially stable?
The organization shows long-term financial stability with assets growing from $73,516 in 2014 to $1,338,446 in 2023. However, the 2023 filing reported expenses ($575,596) exceeding revenue ($515,547), indicating a short-term deficit that warrants observation.
How efficient is The Contemporary Theater's spending?
Spending efficiency appears strong, particularly due to the consistent reporting of 0% officer compensation across all 13 filings. This suggests a high proportion of funds are likely directed towards program delivery, though a detailed functional expense breakdown is not provided.
Does The Contemporary Theater pay its executives?
Based on the IRS 990 filings, The Contemporary Theater consistently reports 0% officer compensation, indicating that executives are either unpaid volunteers or compensated through means not classified as officer compensation.
Filing History
IRS 990 filing history for The Contemporary Theater showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Contemporary Theater's revenue has grown by 591%, moving from $75K to $516K. Total assets increased by 9685.4% over the same period, from $14K to $1.3M. Total functional expenses rose by 676.4%, from $74K to $576K. In its most recent filing year (2023), The Contemporary Theater reported a deficit of $60K, with expenses exceeding revenue. The organization holds $352K in liabilities against $1.3M in assets (debt-to-asset ratio: 26.3%), resulting in net assets of $987K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $516K | $576K | $1.3M | $352K | — | — |
| 2022 | $641K | $541K | $1.4M | $343K | — | View 990 |
| 2021 | $680K | $365K | $1.3M | $342K | — | View 990 |
| 2020 | $295K | $234K | $1.0M | $416K | — | — |
| 2019 | $443K | $382K | $990K | $419K | — | View 990 |
| 2018 | $501K | $373K | $959K | $449K | — | View 990 |
| 2017 | $320K | $346K | $608K | $226K | — | View 990 |
| 2016 | $518K | $345K | $636K | $229K | — | View 990 |
| 2015 | $451K | $276K | $429K | $195K | — | View 990 |
| 2014 | $192K | $171K | $74K | $15K | — | View 990 |
| 2013 | $134K | $146K | $60K | $19K | — | View 990 |
| 2012 | $119K | $64K | $78K | $25K | — | View 990 |
| 2011 | $75K | $74K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $516K, expenses of $576K, and assets of $1.3M (revenue -19.5% year-over-year).
- 2022: Revenue of $641K, expenses of $541K, and assets of $1.4M (revenue -5.8% year-over-year).
- 2021: Revenue of $680K, expenses of $365K, and assets of $1.3M (revenue +130.7% year-over-year).
- 2020: Revenue of $295K, expenses of $234K, and assets of $1.0M (revenue -33.4% year-over-year).
- 2019: Revenue of $443K, expenses of $382K, and assets of $990K (revenue -11.7% year-over-year).
- 2018: Revenue of $501K, expenses of $373K, and assets of $959K (revenue +56.4% year-over-year).
- 2017: Revenue of $320K, expenses of $346K, and assets of $608K (revenue -38.2% year-over-year).
- 2016: Revenue of $518K, expenses of $345K, and assets of $636K (revenue +14.9% year-over-year).
- 2015: Revenue of $451K, expenses of $276K, and assets of $429K (revenue +134.5% year-over-year).
- 2014: Revenue of $192K, expenses of $171K, and assets of $74K (revenue +43.1% year-over-year).
- 2013: Revenue of $134K, expenses of $146K, and assets of $60K (revenue +12.7% year-over-year).
- 2012: Revenue of $119K, expenses of $64K, and assets of $78K (revenue +59.8% year-over-year).
- 2011: Revenue of $75K, expenses of $74K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Contemporary Theater:
Data Sources and Methodology
This transparency report for The Contemporary Theater 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.