The Ritz Theater Inc
The Ritz Theater Inc. shows strong financial recovery and asset growth in 2023 with zero officer compensation.
EIN: 202821925 · Corp Christi, TX · NTEE: A61 · Updated: 2026-03-28
Is The Ritz Theater Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ritz Theater Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ritz Theater Inc
The Ritz Theater Inc (EIN: 202821925) is a nonprofit organization based in Corp Christi, TX, classified under NTEE code A61. The organization reported total revenue of $886K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ritz Theater Inc'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 The Ritz Theater Inc with a Mission Score of 90 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 Ritz Theater 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 organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive salaries are covered by other means, which is highly favorable for donor funds directly supporting the mission.
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 Ritz Theater Inc's IRS 990 filings:
- Inconsistent revenue stream over the past five years, indicating potential reliance on sporadic funding or project-based income.
Strengths
The following positive indicators were identified for The Ritz Theater Inc:
- Strong financial recovery in 2023 with revenue of $217,855 and a surplus.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Significant asset growth from $20,093 in 2019 to $422,736 in 2023.
- Zero liabilities reported in the latest filing (2023), indicating sound financial health.
- Expenses consistently lower than revenue in most periods, demonstrating fiscal prudence.
Frequently Asked Questions about The Ritz Theater Inc
Is The Ritz Theater Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ritz Theater Inc (EIN: 202821925) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does The Ritz Theater Inc spend its money?
The Ritz Theater Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ritz Theater Inc tax-deductible?
The Ritz Theater Inc is registered as a tax-exempt nonprofit (EIN: 202821925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Ritz Theater Inc. financially stable?
Yes, based on the latest 2023 filing, The Ritz Theater Inc. appears financially stable with revenues of $217,855 significantly exceeding expenses of $93,318, and a healthy asset base of $422,736 with zero liabilities.
How has The Ritz Theater Inc.'s revenue trended?
The Ritz Theater Inc.'s revenue has fluctuated significantly, from $160,161 in 2019, dropping to $3,499 in 2022, and then recovering strongly to $217,855 in 2023.
Does The Ritz Theater Inc. spend efficiently?
Yes, the organization appears to spend efficiently, particularly given its low expenses relative to revenue in 2023 ($93,318 expenses vs. $217,855 revenue) and consistent reporting of zero officer compensation.
Filing History
IRS 990 filing history for The Ritz Theater Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), The Ritz Theater Inc's revenue has grown by 36%, moving from $160K to $218K. Total assets increased by 2003.9% over the same period, from $20K to $423K. Total functional expenses rose by 14.3%, from $82K to $93K. In its most recent filing year (2023), The Ritz Theater Inc reported a surplus of $125K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $93K | $423K | $0 | — | — |
| 2022 | $3K | $15K | $296K | $636 | — | View 990 |
| 2021 | $10K | $11K | $307K | $52 | — | View 990 |
| 2020 | $61K | $52K | $309K | $344 | — | View 990 |
| 2019 | $160K | $82K | $20K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $93K, and assets of $423K (revenue +6126.2% year-over-year).
- 2022: Revenue of $3K, expenses of $15K, and assets of $296K (revenue -64.0% year-over-year).
- 2021: Revenue of $10K, expenses of $11K, and assets of $307K (revenue -84.1% year-over-year).
- 2020: Revenue of $61K, expenses of $52K, and assets of $309K (revenue -61.8% year-over-year).
- 2019: Revenue of $160K, expenses of $82K, and assets of $20K.
Data Sources and Methodology
This transparency report for The Ritz Theater 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.