The Park Theatre Inc

The Park Theatre Inc. shows strong asset growth but recent operational deficits and increasing liabilities.

EIN: 203053280 · Jaffrey, NH · NTEE: A61 · Updated: 2026-03-28

$900KRevenue

$5.4MAssets

80/100Mission Score (Excellent)

A61

About The Park Theatre Inc

The Park Theatre Inc (EIN: 203053280) is a nonprofit organization based in Jaffrey, NH, classified under NTEE code A61. The organization reported total revenue of $900K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Park Theatre Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Park Theatre Inc. demonstrates a consistent commitment to its mission as evidenced by its NTEE code (A61 - Performing Arts Centers). The organization has shown significant growth in assets, from $756,734 in 2014 to $5,441,644 currently, indicating successful capital campaigns or asset acquisition. However, recent filings show a trend where expenses have exceeded revenue, with 202306 reporting expenses of $736,536 against revenue of $674,622, and 202206 showing expenses of $719,010 against revenue of $623,700. This operational deficit, while not immediately critical given substantial assets, warrants close monitoring to ensure long-term financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.

While the organization's asset growth is impressive, the recent operational deficits suggest a need to either increase revenue streams or optimize spending. The liabilities have also increased significantly over time, reaching $2,103,599 in 202306, which should be considered in conjunction with its assets. The consistent reporting of zero officer compensation across all available filings is a notable strength, indicating that resources are not being diverted to high executive salaries. Overall, the organization appears to be transparent in its financial reporting, but its recent financial performance suggests a need for strategic adjustments to ensure sustainable operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Park Theatre Inc with a Mission Score of 80 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 Park Theatre Inc 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 Park Theatre Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly favorable for a nonprofit of its size with current assets of over $5.4 million.

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 Park Theatre Inc's IRS 990 filings:

Consistent operational deficits in recent years (e.g., 202306: Expenses $736,536 > Revenue $674,622)
Significant increase in liabilities over time, reaching $2,103,599 in 202306

Strengths

The following positive indicators were identified for The Park Theatre Inc:

Strong asset growth from $756,734 in 2014 to $5,441,644 currently
Consistent reporting of 0% officer compensation, indicating high resource allocation to mission
Clear focus on its NTEE mission (Performing Arts Centers)

Frequently Asked Questions about The Park Theatre Inc

Is The Park Theatre Inc. financially stable given recent deficits?

While The Park Theatre Inc. has substantial assets of $5,441,644, its recent filings (202306 and 202206) show expenses exceeding revenue. This trend, if continued, could impact long-term stability despite current asset strength.

How has the organization managed its liabilities?

Liabilities have increased significantly from $20 in 201806 to $2,103,599 in 202306. While assets have also grown, this increase in liabilities warrants further investigation into their nature and repayment plans.

What is the reason for the consistent 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization may rely on volunteer leadership or that executive compensation is covered through other means not reported as 'officer compensation' on the 990, or that it is simply not paying its officers.

Filing History

IRS 990 filing history for The Park Theatre Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), The Park Theatre Inc's revenue has grown by 345%, moving from $152K to $675K. Total assets increased by 1145% over the same period, from $435K to $5.4M. Total functional expenses rose by 754.8%, from $86K to $737K. In its most recent filing year (2023), The Park Theatre Inc reported a deficit of $62K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $5.4M in assets (debt-to-asset ratio: 38.8%), resulting in net assets of $3.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$675K	$737K	$5.4M	$2.1M	—	View 990
2022	$624K	$719K	$5.5M	$2.1M	—	View 990
2021	$676K	$256K	$5.5M	$2.0M	—	View 990
2020	$743K	$188K	$5.2M	$2.1M	—	View 990
2019	$807K	$244K	$2.2M	$317K	—	View 990
2018	$333K	$260K	$1.3M	$20	—	View 990
2017	$229K	$306K	$1.2M	$101	—	View 990
2016	$728K	$178K	$1.3M	$83	—	View 990
2015	$165K	$72K	$850K	$100K	—	View 990
2014	$330K	$85K	$757K	$100K	—	View 990
2013	$135K	$59K	$512K	$100K	—	View 990
2012	$152K	$86K	$435K	$100K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $675K, expenses of $737K, and assets of $5.4M (revenue +8.2% year-over-year).
2022: Revenue of $624K, expenses of $719K, and assets of $5.5M (revenue -7.8% year-over-year).
2021: Revenue of $676K, expenses of $256K, and assets of $5.5M (revenue -8.9% year-over-year).
2020: Revenue of $743K, expenses of $188K, and assets of $5.2M (revenue -7.9% year-over-year).
2019: Revenue of $807K, expenses of $244K, and assets of $2.2M (revenue +142.4% year-over-year).
2018: Revenue of $333K, expenses of $260K, and assets of $1.3M (revenue +45.5% year-over-year).
2017: Revenue of $229K, expenses of $306K, and assets of $1.2M (revenue -68.6% year-over-year).
2016: Revenue of $728K, expenses of $178K, and assets of $1.3M (revenue +341.2% year-over-year).
2015: Revenue of $165K, expenses of $72K, and assets of $850K (revenue -50.0% year-over-year).
2014: Revenue of $330K, expenses of $85K, and assets of $757K (revenue +143.8% year-over-year).
2013: Revenue of $135K, expenses of $59K, and assets of $512K (revenue -10.7% year-over-year).
2012: Revenue of $152K, expenses of $86K, and assets of $435K.

Data Sources and Methodology

This transparency report for The Park 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.