Theatre Development Fund Inc
Theatre Development Fund Inc shows consistent revenue growth and positive net income in recent years with no reported officer compensation.
EIN: 136216919 · New York, NY · NTEE: A126 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.8M |
| Total Expenses | $15.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $8.0M |
| Transparency Score | 85/100 |
Is Theatre Development Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatre Development Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theatre Development Fund Inc
Theatre Development Fund Inc (EIN: 136216919) is a nonprofit organization based in New York, NY, classified under NTEE code A126. The organization reported total revenue of $28.8M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre Development Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatre Development Fund Inc is a large nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.3M |
| Total Expenses | $15.6M |
| Surplus / Deficit | +$723K |
| Total Assets | $17.2M |
| Total Liabilities | $9.2M |
| Net Assets | $8.0M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 53.6% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Theatre Development Fund Inc reported a surplus of $723K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 53.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theatre Development Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.2% | +34.2% | +61.5% |
| 2022 | +95.4% | +63.3% | -9.1% |
| 2021 | -56.8% | -57.9% | +10.7% |
| 2020 | -24.9% | -8.8% | -7.6% |
| 2019 | +13.4% | -0.3% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 Development Fund Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Theatre Development Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $723K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $15 million. This suggests either a unique compensation structure not captured under 'officer compensation' or a strong commitment to directing funds away from executive salaries, which is a positive sign 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 Development Fund Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual executive remuneration if compensated through other means.
Strengths
The following positive indicators were identified for Theatre Development Fund Inc:
- Consistent positive net income in most recent periods (e.g., $722,684 surplus in 202306).
- Significant growth in assets from $10,654,511 in 202206 to $17,206,910 in 202306.
- No reported officer compensation across all filings, indicating potential high efficiency in resource allocation or unique executive compensation structure.
- Healthy asset-to-liability ratio, indicating strong solvency.
Frequently Asked Questions about Theatre Development Fund Inc
Is Theatre Development Fund Inc a legitimate charity?
Theatre Development Fund Inc (EIN: 136216919) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Theatre Development Fund Inc spend its money?
Theatre Development Fund Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Theatre Development Fund Inc tax-deductible?
Theatre Development Fund Inc is registered as a tax-exempt nonprofit (EIN: 136216919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theatre Development Fund Inc CEO make?
Theatre Development Fund Inc's highest-compensated officer earns $15 annually. The organization reported $28.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Theatre Development Fund Inc's spending goes to programs?
Theatre Development Fund Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Theatre Development Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Theatre Development Fund Inc is above average for NTEE category A126 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Theatre Development Fund Inc located?
Theatre Development Fund Inc is headquartered in New York, New York and files with the IRS under EIN 136216919. It is classified under NTEE code A126.
How many years of IRS 990 filings does Theatre Development Fund Inc have?
Theatre Development Fund 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 $28.8M in total revenue.
How does Theatre Development Fund Inc manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on volunteer executive leadership, which would be a significant strength in terms of resource allocation.
What is the trend in TDF's net assets over the last five years?
TDF's net assets have shown growth, increasing from $11,466,282 in 201906 to $17,206,910 in 202306, indicating a healthy accumulation of reserves and financial stability.
Is Theatre Development Fund Inc financially stable given its revenue fluctuations?
Despite some revenue fluctuations (e.g., $20M in 201906 down to $6.5M in 202106, then up to $16.3M in 202306), the organization has generally maintained positive net income in recent years and has growing assets, suggesting overall financial stability.
Filing History
IRS 990 filing history for Theatre Development Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatre Development Fund Inc's revenue has grown by 13%, moving from $14.4M to $16.3M. Total assets increased by 49.3% over the same period, from $11.5M to $17.2M. Total functional expenses rose by 14.5%, from $13.6M to $15.6M. In its most recent filing year (2023), Theatre Development Fund Inc reported a surplus of $723K, with revenue exceeding expenses. The organization holds $9.2M in liabilities against $17.2M in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.3M | $15.6M | $17.2M | $9.2M | — | View 990 |
| 2022 | $12.7M | $11.6M | $10.7M | $4.2M | — | View 990 |
| 2021 | $6.5M | $7.1M | $11.7M | $5.3M | — | View 990 |
| 2020 | $15.1M | $16.9M | $10.6M | $6.0M | — | View 990 |
| 2019 | $20.1M | $18.6M | $11.5M | $4.2M | — | View 990 |
| 2018 | $17.7M | $18.6M | $11.2M | $4.4M | — | View 990 |
| 2017 | $16.9M | $17.6M | $12.8M | $5.4M | — | View 990 |
| 2016 | $16.7M | $16.1M | $12.4M | $5.4M | — | View 990 |
| 2015 | $14.8M | $15.2M | $11.6M | $4.2M | — | View 990 |
| 2014 | $15.1M | $15.2M | $11.8M | $3.6M | — | View 990 |
| 2013 | $14.8M | $14.8M | $11.8M | $4.4M | — | View 990 |
| 2012 | $15.3M | $15.0M | $12.3M | $5.5M | — | View 990 |
| 2011 | $14.4M | $13.6M | $11.5M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.3M, expenses of $15.6M, and assets of $17.2M (revenue +28.2% year-over-year).
- 2022: Revenue of $12.7M, expenses of $11.6M, and assets of $10.7M (revenue +95.4% year-over-year).
- 2021: Revenue of $6.5M, expenses of $7.1M, and assets of $11.7M (revenue -56.8% year-over-year).
- 2020: Revenue of $15.1M, expenses of $16.9M, and assets of $10.6M (revenue -24.9% year-over-year).
- 2019: Revenue of $20.1M, expenses of $18.6M, and assets of $11.5M (revenue +13.4% year-over-year).
- 2018: Revenue of $17.7M, expenses of $18.6M, and assets of $11.2M (revenue +5.1% year-over-year).
- 2017: Revenue of $16.9M, expenses of $17.6M, and assets of $12.8M (revenue +0.7% year-over-year).
- 2016: Revenue of $16.7M, expenses of $16.1M, and assets of $12.4M (revenue +13.3% year-over-year).
- 2015: Revenue of $14.8M, expenses of $15.2M, and assets of $11.6M (revenue -2.1% year-over-year).
- 2014: Revenue of $15.1M, expenses of $15.2M, and assets of $11.8M (revenue +2.1% year-over-year).
- 2013: Revenue of $14.8M, expenses of $14.8M, and assets of $11.8M (revenue -3.6% year-over-year).
- 2012: Revenue of $15.3M, expenses of $15.0M, and assets of $12.3M (revenue +6.2% year-over-year).
- 2011: Revenue of $14.4M, expenses of $13.6M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatre Development Fund Inc:
Data Sources and Methodology
This transparency report for Theatre Development Fund 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.