Theater At Monmouth
Theater At Monmouth faces recent operating deficits despite stable asset base and no reported officer compensation.
EIN: 10287022 · Monmouth, ME · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $515K |
| Total Expenses | $577K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Theater At Monmouth Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theater At Monmouth directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theater At Monmouth
Theater At Monmouth (EIN: 10287022) is a nonprofit organization based in Monmouth, ME, classified under NTEE code A650. The organization reported total revenue of $515K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theater At Monmouth's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theater At Monmouth is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $470K |
| Total Expenses | $577K |
| Surplus / Deficit | $-106,360 |
| Total Assets | $1.2M |
| Total Liabilities | $19K |
| Net Assets | $1.2M |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 25.2 months |
Financial Health Grade: B
In 2023, Theater At Monmouth reported a deficit of $106K with expenses exceeding revenue, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theater At Monmouth's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | -6.5% | -8.4% |
| 2022 | -28.3% | +15.7% | -10.3% |
| 2021 | +79.7% | +92.6% | +5.2% |
| 2020 | -46.8% | -52.2% | +4.6% |
| 2019 | +20.0% | +7.7% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Theater At Monmouth with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Theater At Monmouth allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $1 million in assets and annual revenues exceeding $450,000. This suggests either a fully volunteer leadership structure or that compensation for key personnel is categorized differently, warranting further investigation for complete financial transparency.
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 Theater At Monmouth's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202312 and 202212)
- Unusually low (0%) reported officer compensation, which may obscure actual leadership costs if reported elsewhere.
Strengths
The following positive indicators were identified for Theater At Monmouth:
- Strong and stable asset base, consistently over $1 million.
- Long operational history with 13 filings, indicating established presence.
- Low liabilities relative to assets (e.g., $19,180 liabilities vs. $1,209,171 assets in 202312).
Frequently Asked Questions about Theater At Monmouth
Is Theater At Monmouth a legitimate charity?
Based on AI analysis of IRS 990 filings, Theater At Monmouth (EIN: 10287022) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Theater At Monmouth spend its money?
Theater At Monmouth directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Theater At Monmouth tax-deductible?
Theater At Monmouth is registered as a tax-exempt nonprofit (EIN: 10287022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theater At Monmouth CEO make?
Theater At Monmouth's highest-compensated officer earns $1 annually. The organization reported $515K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Theater At Monmouth's spending goes to programs?
Theater At Monmouth directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Theater At Monmouth compare to similar nonprofits?
With a transparency score of 75/100 (Good), Theater At Monmouth is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Theater At Monmouth located?
Theater At Monmouth is headquartered in Monmouth, Maine and files with the IRS under EIN 10287022. It is classified under NTEE code A650.
How many years of IRS 990 filings does Theater At Monmouth have?
Theater At Monmouth 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 $515K in total revenue.
Is Theater At Monmouth a good charity?
Theater At Monmouth appears to be a stable organization with a long history and significant assets. Its consistent reporting of 0% officer compensation is noteworthy, suggesting a strong dedication to mission or a unique compensation structure. However, recent operating deficits (e.g., $106,360 in 202312 and $157,985 in 202212) indicate a need to monitor financial sustainability.
How does Theater At Monmouth fund its operations given recent deficits?
Given the recent deficits where expenses exceeded revenue, Theater At Monmouth likely relies on its accumulated assets (e.g., $1,209,171 in 202312) or prior year surpluses to cover operational gaps. For instance, in 202112, revenue ($639,652) significantly exceeded expenses ($533,042), creating a surplus that could be drawn upon.
What is the trend in Theater At Monmouth's financial health?
While the organization maintains a strong asset base (over $1 million), the trend in recent years (2022 and 2023) shows expenses consistently exceeding revenue, indicating a potential decline in operational financial health. This contrasts with earlier periods like 2021 and 2020 where revenue exceeded expenses.
Filing History
IRS 990 filing history for Theater At Monmouth showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theater At Monmouth's revenue has declined by 34.3%, moving from $715K to $470K. Total assets increased by 145.7% over the same period, from $492K to $1.2M. Total functional expenses rose by 39.9%, from $412K to $577K. In its most recent filing year (2023), Theater At Monmouth reported a deficit of $106K, with expenses exceeding revenue. The organization holds $19K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $470K | $577K | $1.2M | $19K | — | — |
| 2022 | $459K | $617K | $1.3M | $24K | — | — |
| 2021 | $640K | $533K | $1.5M | $18K | — | View 990 |
| 2020 | $356K | $277K | $1.4M | $51K | — | View 990 |
| 2019 | $669K | $579K | $1.3M | $69K | — | View 990 |
| 2018 | $557K | $538K | $1.3M | $88K | — | View 990 |
| 2017 | $559K | $551K | $1.3M | $114K | — | View 990 |
| 2016 | $546K | $525K | $1.3M | $121K | — | View 990 |
| 2015 | $525K | $496K | $1.2M | $80K | — | View 990 |
| 2014 | $560K | $473K | $1.2M | $122K | — | View 990 |
| 2013 | $445K | $403K | $1.1M | $110K | — | View 990 |
| 2012 | $1.0M | $452K | $1.1M | $151K | — | View 990 |
| 2011 | $715K | $412K | $492K | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $470K, expenses of $577K, and assets of $1.2M (revenue +2.5% year-over-year).
- 2022: Revenue of $459K, expenses of $617K, and assets of $1.3M (revenue -28.3% year-over-year).
- 2021: Revenue of $640K, expenses of $533K, and assets of $1.5M (revenue +79.7% year-over-year).
- 2020: Revenue of $356K, expenses of $277K, and assets of $1.4M (revenue -46.8% year-over-year).
- 2019: Revenue of $669K, expenses of $579K, and assets of $1.3M (revenue +20.0% year-over-year).
- 2018: Revenue of $557K, expenses of $538K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2017: Revenue of $559K, expenses of $551K, and assets of $1.3M (revenue +2.5% year-over-year).
- 2016: Revenue of $546K, expenses of $525K, and assets of $1.3M (revenue +3.9% year-over-year).
- 2015: Revenue of $525K, expenses of $496K, and assets of $1.2M (revenue -6.3% year-over-year).
- 2014: Revenue of $560K, expenses of $473K, and assets of $1.2M (revenue +25.8% year-over-year).
- 2013: Revenue of $445K, expenses of $403K, and assets of $1.1M (revenue -57.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $452K, and assets of $1.1M (revenue +46.7% year-over-year).
- 2011: Revenue of $715K, expenses of $412K, and assets of $492K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theater At Monmouth:
Data Sources and Methodology
This transparency report for Theater At Monmouth 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.