Theatre Communications Group Inc
Theatre Communications Group Inc faces consistent operational deficits despite substantial assets and declining revenue.
EIN: 136160130 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $6.5M |
| Program Spending | 70% |
| Net Assets | $6.4M |
| Transparency Score | 65/100 |
Is Theatre Communications Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatre Communications Group Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Theatre Communications Group Inc
Theatre Communications Group Inc (EIN: 136160130) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.6M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre Communications Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatre Communications Group Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-645,599 |
| Total Assets | $7.8M |
| Total Liabilities | $1.4M |
| Net Assets | $6.4M |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Theatre Communications Group Inc reported a deficit of $646K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theatre Communications Group Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.1% | +12.1% | -5.7% |
| 2022 | +4.4% | +16.7% | -7.3% |
| 2021 | +0.3% | -37.4% | +20.0% |
| 2020 | -12.0% | -1.0% | -10.2% |
| 2019 | -10.6% | -8.0% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Communications Group Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Theatre Communications Group 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 deficit of $646K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
The provided data consistently reports 'Officer Comp=0%' across all filings, which is highly unusual for an organization of this size with annual revenues in the millions. This suggests that executive compensation may be reported under other expense categories or that the organization operates with entirely uncompensated officers, which would be a significant strength in terms of 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 Communications Group Inc's IRS 990 filings:
- Consistent operational deficits (7 out of 10 years reported)
- Declining revenue trend from $10.5M in 2014 to $5.8M in 2023
- Unusual 'Officer Comp=0%' reporting across all filings, warranting further investigation
Strengths
The following positive indicators were identified for Theatre Communications Group Inc:
- Long history of IRS 990 filings demonstrating transparency
- Maintained substantial asset base, providing financial cushion
- Significant revenue generation, indicating capacity for fundraising and program delivery
Frequently Asked Questions about Theatre Communications Group Inc
Is Theatre Communications Group Inc a legitimate charity?
Theatre Communications Group Inc (EIN: 136160130) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Theatre Communications Group Inc spend its money?
Theatre Communications Group Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Theatre Communications Group Inc tax-deductible?
Theatre Communications Group Inc is registered as a tax-exempt nonprofit (EIN: 136160130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Theatre Communications Group Inc's spending goes to programs?
Theatre Communications Group Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Theatre Communications Group Inc located?
Theatre Communications Group Inc is headquartered in New York, New York and files with the IRS under EIN 136160130.
How many years of IRS 990 filings does Theatre Communications Group Inc have?
Theatre Communications Group Inc 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 $6.6M in total revenue.
Why is 'Officer Comp=0%' reported across all filings for Theatre Communications Group Inc?
The consistent reporting of 'Officer Comp=0%' is unusual for an organization with multi-million dollar revenues. It could indicate that compensation for key executives is reported under different expense categories (e.g., salaries and wages for all staff), or that the organization's officers are genuinely uncompensated. Further investigation into the full 990 forms would be needed to clarify this.
What is the long-term strategy to address the recurring operational deficits?
Theatre Communications Group Inc has experienced operational deficits in 7 out of the last 10 reported periods, including the most recent 2023 period where expenses exceeded revenue by over $645,000. Understanding the organization's plan to balance its budget and ensure financial sustainability is crucial.
How are the organization's substantial assets being utilized to support its mission?
With assets ranging from $5.3 million to over $12 million in recent years, it's important to understand how these assets are managed and deployed to further the organization's mission, especially in light of recurring operational deficits.
Filing History
IRS 990 filing history for Theatre Communications Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatre Communications Group Inc's revenue has declined by 23%, moving from $7.5M to $5.8M. Total assets decreased by 29.9% over the same period, from $11.2M to $7.8M. Total functional expenses fell by 29.3%, from $9.1M to $6.5M. In its most recent filing year (2023), Theatre Communications Group Inc reported a deficit of $646K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $7.8M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $6.5M | $7.8M | $1.4M | — | View 990 |
| 2022 | $6.8M | $5.8M | $8.3M | $1.4M | — | View 990 |
| 2021 | $6.5M | $4.9M | $9.0M | $2.6M | — | View 990 |
| 2020 | $6.5M | $7.9M | $7.5M | $3.0M | — | View 990 |
| 2019 | $7.3M | $8.0M | $8.3M | $2.2M | — | View 990 |
| 2018 | $8.2M | $8.6M | $9.3M | $2.8M | — | View 990 |
| 2017 | $7.3M | $9.8M | $9.9M | $2.8M | — | View 990 |
| 2016 | $8.8M | $8.5M | $12.2M | $2.7M | — | View 990 |
| 2015 | $7.8M | $8.8M | $12.0M | $2.8M | — | View 990 |
| 2014 | $10.5M | $8.3M | $12.8M | $2.2M | — | View 990 |
| 2013 | $7.8M | $8.5M | $9.9M | $2.0M | — | View 990 |
| 2012 | $8.7M | $8.5M | $10.9M | $2.3M | — | View 990 |
| 2011 | $7.5M | $9.1M | $11.2M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $6.5M, and assets of $7.8M (revenue -14.1% year-over-year).
- 2022: Revenue of $6.8M, expenses of $5.8M, and assets of $8.3M (revenue +4.4% year-over-year).
- 2021: Revenue of $6.5M, expenses of $4.9M, and assets of $9.0M (revenue +0.3% year-over-year).
- 2020: Revenue of $6.5M, expenses of $7.9M, and assets of $7.5M (revenue -12.0% year-over-year).
- 2019: Revenue of $7.3M, expenses of $8.0M, and assets of $8.3M (revenue -10.6% year-over-year).
- 2018: Revenue of $8.2M, expenses of $8.6M, and assets of $9.3M (revenue +13.1% year-over-year).
- 2017: Revenue of $7.3M, expenses of $9.8M, and assets of $9.9M (revenue -17.3% year-over-year).
- 2016: Revenue of $8.8M, expenses of $8.5M, and assets of $12.2M (revenue +12.9% year-over-year).
- 2015: Revenue of $7.8M, expenses of $8.8M, and assets of $12.0M (revenue -26.3% year-over-year).
- 2014: Revenue of $10.5M, expenses of $8.3M, and assets of $12.8M (revenue +35.4% year-over-year).
- 2013: Revenue of $7.8M, expenses of $8.5M, and assets of $9.9M (revenue -10.9% year-over-year).
- 2012: Revenue of $8.7M, expenses of $8.5M, and assets of $10.9M (revenue +15.8% year-over-year).
- 2011: Revenue of $7.5M, expenses of $9.1M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatre Communications Group Inc:
Data Sources and Methodology
This transparency report for Theatre Communications Group 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.