Theatre Advancement Production Society Inc
Theatre Advancement Production Society Inc reports volatile finances with sudden disappearance of assets and liabilities in 2023.
EIN: 200352895 · Fleming Island, FL · NTEE: A65 · Updated: 2026-03-28
Is Theatre Advancement Production Society Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatre Advancement Production Society Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Theatre Advancement Production Society Inc
Theatre Advancement Production Society Inc (EIN: 200352895) is a nonprofit organization based in Fleming Island, FL, classified under NTEE code A65. The organization reported total revenue of $878K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre Advancement Production Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatre Advancement Production Society Inc is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $878K |
| Total Expenses | $589K |
| Surplus / Deficit | +$289K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 33.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Theatre Advancement Production Society Inc reported a surplus of $289K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Theatre Advancement Production Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | -0.3% |
| 2021 | -99.7% | -61.9% | +0.1% |
| 2020 | -65.0% | -66.3% | +0.9% |
| 2019 | +57.7% | +27.8% | -70.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Theatre Advancement Production Society Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Theatre Advancement Production Society Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $289K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reflected in this specific metric, which could be a positive for resource allocation.
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 Theatre Advancement Production Society Inc's IRS 990 filings:
- Sudden disappearance of all reported assets and liabilities in 2023 without explanation.
- History of significant operating deficits in multiple years (e.g., 2019, 2018, 2017).
- Lack of detailed expense breakdown to assess program efficiency.
- High liabilities relative to assets in previous years (e.g., 2022 liabilities $1.9M vs assets $548K).
Strengths
The following positive indicators were identified for Theatre Advancement Production Society Inc:
- Reported positive net income in 2023 ($878,377 revenue vs $588,889 expenses).
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership or lean executive costs.
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
Frequently Asked Questions about Theatre Advancement Production Society Inc
Is Theatre Advancement Production Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Theatre Advancement Production Society Inc (EIN: 200352895) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Theatre Advancement Production Society Inc spend its money?
Theatre Advancement Production Society Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Theatre Advancement Production Society Inc tax-deductible?
Theatre Advancement Production Society Inc is registered as a tax-exempt nonprofit (EIN: 200352895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the sudden disappearance of all assets and liabilities from 2022 to 2023?
The provided data shows assets decreased from $548,427 in 2022 to $0 in 2023, and liabilities decreased from $1,958,910 in 2022 to $0 in 2023. This significant change requires further explanation from the organization.
How does the organization manage its operations with $0 in reported assets?
The 2023 filing indicates $0 in assets, which is unusual for an organization with $878,377 in revenue and $588,889 in expenses. This suggests either a highly efficient, asset-light model or an accounting anomaly.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses, making it difficult to fully assess spending efficiency towards its mission.
Given the history of operating deficits, how sustainable is the organization's financial model?
The organization has frequently reported expenses exceeding revenue in past years (e.g., 2019, 2018, 2017). While 2023 showed a positive net income, the long-term sustainability is questionable without consistent surpluses.
Filing History
IRS 990 filing history for Theatre Advancement Production Society Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Theatre Advancement Production Society Inc's revenue has grown by 19.7%, moving from $734K to $878K. Total assets decreased by 100% over the same period, from $177K to $0. Total functional expenses fell by 16.8%, from $708K to $589K. In its most recent filing year (2023), Theatre Advancement Production Society Inc reported a surplus of $289K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $878K | $589K | $0 | $0 | — | View 990 |
| 2022 | $0 | $0 | $548K | $2.0M | — | — |
| 2021 | $671 | $151K | $550K | $2.0M | — | View 990 |
| 2020 | $268K | $396K | $549K | $1.8M | — | View 990 |
| 2019 | $766K | $1.2M | $544K | $1.6M | — | View 990 |
| 2018 | $485K | $919K | $1.9M | $2.4M | — | View 990 |
| 2017 | $684K | $1.1M | $889K | $1.2M | — | — |
| 2015 | $504K | $567K | $151K | $155K | — | View 990 |
| 2014 | $598K | $644K | $118K | $59K | — | View 990 |
| 2013 | $574K | $643K | $161K | $57K | — | View 990 |
| 2012 | $683K | $684K | $173K | $0 | — | View 990 |
| 2011 | $734K | $708K | $177K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $878K, expenses of $589K, and assets of $0.
- 2022: Revenue of $0, expenses of $0, and assets of $548K (revenue -100.0% year-over-year).
- 2021: Revenue of $671, expenses of $151K, and assets of $550K (revenue -99.7% year-over-year).
- 2020: Revenue of $268K, expenses of $396K, and assets of $549K (revenue -65.0% year-over-year).
- 2019: Revenue of $766K, expenses of $1.2M, and assets of $544K (revenue +57.7% year-over-year).
- 2018: Revenue of $485K, expenses of $919K, and assets of $1.9M (revenue -29.0% year-over-year).
- 2017: Revenue of $684K, expenses of $1.1M, and assets of $889K (revenue +35.6% year-over-year).
- 2015: Revenue of $504K, expenses of $567K, and assets of $151K (revenue -15.7% year-over-year).
- 2014: Revenue of $598K, expenses of $644K, and assets of $118K (revenue +4.1% year-over-year).
- 2013: Revenue of $574K, expenses of $643K, and assets of $161K (revenue -15.9% year-over-year).
- 2012: Revenue of $683K, expenses of $684K, and assets of $173K (revenue -6.9% year-over-year).
- 2011: Revenue of $734K, expenses of $708K, and assets of $177K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatre Advancement Production Society Inc:
Data Sources and Methodology
This transparency report for Theatre Advancement Production Society 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.