The Musical Theater Project
EIN: 341950084 · Middlebrg Hts, OH · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $540K |
| Total Expenses | $575K |
| Net Assets | $639K |
Is The Musical Theater Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Musical Theater Project
The Musical Theater Project (EIN: 341950084) is a nonprofit organization based in Middlebrg Hts, OH, classified under NTEE code B99. The organization reported total revenue of $540K and total assets of $910K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Musical Theater Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Musical Theater Project is a small nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). 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 | $496K |
| Total Expenses | $575K |
| Surplus / Deficit | $-79,356 |
| Total Assets | $1.0M |
| Total Liabilities | $382K |
| Net Assets | $639K |
| Operating Margin | -16.0% |
| Debt-to-Asset Ratio | 37.4% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, The Musical Theater Project reported a deficit of $79K with expenses exceeding revenue, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 37.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Musical Theater Project's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | -7.1% | -3.8% |
| 2022 | +7.6% | +38.9% | -10.8% |
| 2021 | -35.0% | -37.4% | +17.8% |
| 2020 | -16.4% | -5.7% | +44.5% |
| 2019 | +0.9% | +30.8% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Musical Theater Project 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 The Musical Theater Project 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 $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.4%.
Frequently Asked Questions about The Musical Theater Project
Is The Musical Theater Project a legitimate charity?
Based on AI analysis of IRS 990 filings, The Musical Theater Project (EIN: 341950084) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Musical Theater Project spend its money?
Detailed spending breakdown data is not yet available for The Musical Theater Project. Check back for updated IRS 990 analysis.
Are donations to The Musical Theater Project tax-deductible?
The Musical Theater Project is registered as a tax-exempt nonprofit (EIN: 341950084). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Musical Theater Project located?
The Musical Theater Project is headquartered in Middlebrg Hts, Ohio and files with the IRS under EIN 341950084. It is classified under NTEE code B99.
How many years of IRS 990 filings does The Musical Theater Project have?
The Musical Theater Project has 12 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 $540K in total revenue.
Filing History
IRS 990 filing history for The Musical Theater Project showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Musical Theater Project's revenue has declined by 16.6%, moving from $594K to $496K. Total assets increased by 205.2% over the same period, from $334K to $1.0M. Total functional expenses rose by 47.3%, from $390K to $575K. In its most recent filing year (2023), The Musical Theater Project reported a deficit of $79K, with expenses exceeding revenue. The organization holds $382K in liabilities against $1.0M in assets (debt-to-asset ratio: 37.4%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $496K | $575K | $1.0M | $382K | — | — |
| 2022 | $472K | $619K | $1.1M | $383K | — | View 990 |
| 2021 | $439K | $446K | $1.2M | $313K | — | View 990 |
| 2020 | $674K | $713K | $1.0M | $295K | — | View 990 |
| 2019 | $807K | $756K | $699K | $35K | — | View 990 |
| 2018 | $800K | $578K | $662K | $49K | — | View 990 |
| 2017 | $546K | $507K | $427K | $36K | — | View 990 |
| 2016 | $587K | $558K | $334K | $44K | — | View 990 |
| 2015 | $415K | $442K | $296K | $82K | — | View 990 |
| 2014 | $397K | $407K | $291K | $51K | — | View 990 |
| 2013 | $372K | $404K | $301K | $51K | — | View 990 |
| 2012 | $594K | $390K | $334K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $496K, expenses of $575K, and assets of $1.0M (revenue +5.0% year-over-year).
- 2022: Revenue of $472K, expenses of $619K, and assets of $1.1M (revenue +7.6% year-over-year).
- 2021: Revenue of $439K, expenses of $446K, and assets of $1.2M (revenue -35.0% year-over-year).
- 2020: Revenue of $674K, expenses of $713K, and assets of $1.0M (revenue -16.4% year-over-year).
- 2019: Revenue of $807K, expenses of $756K, and assets of $699K (revenue +0.9% year-over-year).
- 2018: Revenue of $800K, expenses of $578K, and assets of $662K (revenue +46.4% year-over-year).
- 2017: Revenue of $546K, expenses of $507K, and assets of $427K (revenue -6.8% year-over-year).
- 2016: Revenue of $587K, expenses of $558K, and assets of $334K (revenue +41.2% year-over-year).
- 2015: Revenue of $415K, expenses of $442K, and assets of $296K (revenue +4.5% year-over-year).
- 2014: Revenue of $397K, expenses of $407K, and assets of $291K (revenue +6.8% year-over-year).
- 2013: Revenue of $372K, expenses of $404K, and assets of $301K (revenue -37.4% year-over-year).
- 2012: Revenue of $594K, expenses of $390K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Musical Theater Project:
Data Sources and Methodology
This transparency report for The Musical Theater Project 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.