The Theatre Company Of Rhode Island
The Theatre Company Of Rhode Island: Declining Revenue & High Liabilities
EIN: 222527231 · Harrisville, RI · NTEE: T20 · Updated: 2026-04-04
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The Theatre Company Of Rhode Island is mapped to EIN 222527231.
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| Metric | Value |
|---|---|
| Total Revenue | $230 |
| Program Spending | 70% |
| Net Assets | $-541 |
| Transparency Score | 60/100 |
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The Theatre Company Of Rhode Island Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Theatre Company Of Rhode Island is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Theatre Company Of Rhode Island in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $230 and expenses of $0.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
60/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is The Theatre Company Of Rhode Island Legit?
Some Concerns
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | (70%) |
Across stored filings, The Theatre Company Of Rhode Island shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 7 stored filing years |
| Peer context | Compare with Lord Of Glory Ministries Inc | Rhode Island and Philanthropy context |
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The Theatre Company Of Rhode Island directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Theatre Company Of Rhode Island
The Theatre Company Of Rhode Island (EIN: 222527231) is a nonprofit organization based in Harrisville, RI, classified under NTEE code T20. The organization reported total revenue of $230 and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Theatre Company Of Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Theatre Company Of Rhode Island is a micro nonprofit that has been operating for 24 years, with 7 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of -46.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $230 |
| Total Expenses | $0 |
| Surplus / Deficit | +$230 |
| Total Assets | $1K |
| Total Liabilities | $2K |
| Net Assets | $-541 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 146.7% |
Financial Health Grade: B
In 2018, The Theatre Company Of Rhode Island reported a surplus of $230 with revenue exceeding expenses, has a debt-to-asset ratio of 146.7% (high leverage).
Financial Trends
Over 7 years of filings (2012–2018), The Theatre Company Of Rhode Island's revenue has declined at a compound annual growth rate (CAGR) of -46.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -93.8% | -100.0% | +24.8% |
| 2017 | -68.9% | -58.7% | -54.8% |
| 2016 | +35.3% | +47.9% | +11.5% |
| 2015 | -36.5% | -37.7% | +93.0% |
| 2014 | +17.5% | -4.6% | +148.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Theatre Company Of Rhode Island with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, The Theatre Company Of Rhode Island allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 146.7%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not applicable.
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 Theatre Company Of Rhode Island's IRS 990 filings:
- Dramatic 98% decline in revenue from $11,886 in 2016 to $230 in 2018.
- Liabilities ($1,700) consistently exceed assets in recent years, particularly in 2018 ($1,159).
- Negative net income in multiple years (e.g., 2017: -$1,126; 2013: -$1,522).
Strengths
The following positive indicators were identified for The Theatre Company Of Rhode Island:
- Consistent reporting of financial data over several years.
Frequently Asked Questions about The Theatre Company Of Rhode Island
Is The Theatre Company Of Rhode Island a legitimate charity?
The Theatre Company Of Rhode Island (EIN: 222527231) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 60/100. It has 7 years of IRS 990 filings on record. Total revenue: $230. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does The Theatre Company Of Rhode Island spend its money?
The Theatre Company Of Rhode Island directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to The Theatre Company Of Rhode Island tax-deductible?
The Theatre Company Of Rhode Island is registered as a tax-exempt nonprofit (EIN: 222527231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Theatre Company Of Rhode Island's spending goes to programs?
The Theatre Company Of Rhode Island directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Theatre Company Of Rhode Island compare to similar nonprofits?
With a transparency score of 60/100 (Good), The Theatre Company Of Rhode Island is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Theatre Company Of Rhode Island located?
The Theatre Company Of Rhode Island is headquartered in Harrisville, Rhode Island and files with the IRS under EIN 222527231. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Theatre Company Of Rhode Island have?
The Theatre Company Of Rhode Island has 7 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 $230 in total revenue.
What does The Theatre Company Of Rhode Island do?
The Theatre Company Of Rhode Island is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Harrisville, Rhode Island. It is classified under NTEE code T20.
How much revenue does The Theatre Company Of Rhode Island have?
The Theatre Company Of Rhode Island reported total revenue of $230. Based on 7 IRS 990 filings on record.
What are The Theatre Company Of Rhode Island's total assets?
The Theatre Company Of Rhode Island holds total assets of $1,159 as reported in IRS 990 filings.
Where is The Theatre Company Of Rhode Island located?
The Theatre Company Of Rhode Island is based in Harrisville, Rhode Island.
What is The Theatre Company Of Rhode Island's EIN?
The Theatre Company Of Rhode Island's Employer Identification Number (EIN) is 222527231. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Theatre Company Of Rhode Island?
The Theatre Company Of Rhode Island is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is The Theatre Company Of Rhode Island a registered 501(c)(3)?
Yes, The Theatre Company Of Rhode Island is recognized as a tax-exempt organization by the IRS. EIN: 222527231.
Does The Theatre Company Of Rhode Island file IRS Form 990?
Yes, The Theatre Company Of Rhode Island has 7 IRS Form 990 filings on record. The most recent covers tax period 201806.
What was The Theatre Company Of Rhode Island's revenue in 2018?
In the 201806 filing period, The Theatre Company Of Rhode Island reported total revenue of $230, total expenses of N/A, and net assets of $1,159.
Is The Theatre Company Of Rhode Island's revenue growing or declining?
The Theatre Company Of Rhode Island's revenue is declining. Revenue went from $3,695 (201706) to $230 (201806), a -93.8% change. Based on 7 filings on record.
What is The Theatre Company Of Rhode Island's most recent 990 filing?
The most recent IRS Form 990 filing for The Theatre Company Of Rhode Island covers tax period 201806. It shows revenue of $230, expenses of N/A, total assets of $1,159, and liabilities of $1,700.
How much does The Theatre Company Of Rhode Island spend on programs vs administration?
Based on IRS 990 analysis, The Theatre Company Of Rhode Island allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Theatre Company Of Rhode Island a trustworthy charity?
Based on AI analysis of IRS 990 data, The Theatre Company Of Rhode Island shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for The Theatre Company Of Rhode Island?
The following concerns were identified: Dramatic 98% decline in revenue from $11,886 in 2016 to $230 in 2018.. Liabilities ($1,700) consistently exceed assets in recent years, particularly in 2018 ($1,159).. Negative net income in multiple years (e.g., 2017: -$1,126; 2013: -$1,522).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Theatre Company Of Rhode Island's strengths?
Positive indicators for The Theatre Company Of Rhode Island include: Consistent reporting of financial data over several years.. These findings are derived from AI analysis of the organization's financial filings.
How does The Theatre Company Of Rhode Island compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the IRS reporting threshold or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary cause for the precipitous drop in revenue from 2014 to 2018, and what measures are being taken to reverse this trend?
The provided data does not specify the reasons for the revenue decline, but it is a critical area for further investigation to understand the organization's sustainability.
Given the consistent liabilities of $1,700 and declining assets, what is the organization's plan to address its financial solvency?
The organization's ability to cover its liabilities with its assets is a concern, especially with assets at $1,159 in 2018. A detailed financial recovery plan would be essential.
Filing History
IRS 990 filing history for The Theatre Company Of Rhode Island showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2018), The Theatre Company Of Rhode Island's revenue has declined by 97.6%, moving from $9K to $230. Total assets increased by 462.6% over the same period, from $206 to $1K. Total functional expenses fell by 100%, from $12K to $0. The organization holds $2K in liabilities against $1K in assets (debt-to-asset ratio: 146.7%), resulting in net assets of $-541.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $230 | $0 | $1K | $2K | — | View 990 |
| 2017 | $4K | $5K | $929 | $2K | — | View 990 |
| 2016 | $12K | $12K | $2K | $2K | — | View 990 |
| 2015 | $9K | $8K | $2K | $2K | — | View 990 |
| 2014 | $14K | $13K | $955 | $2K | — | View 990 |
| 2013 | $12K | $13K | $384 | $2K | — | View 990 |
| 2012 | $9K | $12K | $206 | $575 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $230, expenses of $0, and assets of $1K (revenue -93.8% year-over-year).
- 2017: Revenue of $4K, expenses of $5K, and assets of $929 (revenue -68.9% year-over-year).
- 2016: Revenue of $12K, expenses of $12K, and assets of $2K (revenue +35.3% year-over-year).
- 2015: Revenue of $9K, expenses of $8K, and assets of $2K (revenue -36.5% year-over-year).
- 2014: Revenue of $14K, expenses of $13K, and assets of $955 (revenue +17.5% year-over-year).
- 2013: Revenue of $12K, expenses of $13K, and assets of $384 (revenue +24.0% year-over-year).
- 2012: Revenue of $9K, expenses of $12K, and assets of $206.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Theatre Company Of Rhode Island:
Data Sources and Methodology
This transparency report for The Theatre Company Of Rhode Island 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.