Theatre For A New Audience Inc
Theatre For A New Audience Inc shows fluctuating revenues but stable assets, with no direct officer compensation reported.
EIN: 133059081 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $7.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $19.8M |
| Transparency Score | 70/100 |
Is Theatre For A New Audience Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatre For A New Audience Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theatre For A New Audience Inc
Theatre For A New Audience Inc (EIN: 133059081) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $9.1M and total assets of $21.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre For A New Audience Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatre For A New Audience Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $7.8M |
| Surplus / Deficit | $-732,178 |
| Total Assets | $21.0M |
| Total Liabilities | $1.3M |
| Net Assets | $19.8M |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 32.4 months |
Financial Health Grade: B
In 2023, Theatre For A New Audience Inc reported a deficit of $732K with expenses exceeding revenue, holds 32.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theatre For A New Audience Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +646.3% | — | -4.4% |
| 2022 | -77.1% | -100.0% | -9.4% |
| 2021 | -26.4% | -56.9% | +19.4% |
| 2020 | -31.4% | -18.8% | +1.8% |
| 2019 | +63.1% | +36.7% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
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 For A New Audience Inc with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Theatre For A New Audience Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $732K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual expenses often exceeding $7 million. This suggests executive compensation may be reported differently or not directly paid by the organization, warranting further investigation for full 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 Theatre For A New Audience Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding executive pay.
- Significant revenue volatility, with a sharp drop in 2022 to $947,495 from $4,130,515 in 2021 and $7,071,150 in 2023, suggesting potential instability in funding streams.
Strengths
The following positive indicators were identified for Theatre For A New Audience Inc:
- Strong and stable asset base, consistently above $18 million, providing financial resilience.
- Demonstrated ability to recover from significant revenue dips, as seen between 2022 and 2023.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Theatre For A New Audience Inc
Is Theatre For A New Audience Inc a legitimate charity?
Theatre For A New Audience Inc (EIN: 133059081) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Theatre For A New Audience Inc spend its money?
Theatre For A New Audience Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Theatre For A New Audience Inc tax-deductible?
Theatre For A New Audience Inc is registered as a tax-exempt nonprofit (EIN: 133059081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theatre For A New Audience Inc CEO make?
Theatre For A New Audience Inc's highest-compensated officer earns $7 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Theatre For A New Audience Inc's spending goes to programs?
Theatre For A New Audience Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Theatre For A New Audience Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Theatre For A New Audience Inc 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 Theatre For A New Audience Inc located?
Theatre For A New Audience Inc is headquartered in New York, New York and files with the IRS under EIN 133059081. It is classified under NTEE code A650.
How many years of IRS 990 filings does Theatre For A New Audience Inc have?
Theatre For A New Audience 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 $9.1M in total revenue.
Is Theatre For A New Audience Inc a good charity?
Based on the available data, the organization appears to have a strong asset base and a history of significant program activity, though its financial reporting on executive compensation lacks clarity. Its ability to maintain substantial assets despite revenue fluctuations suggests resilience.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is atypical for an organization of this scale. It could mean that executives are compensated through a related entity, are volunteers, or their compensation is categorized differently within the 990, which could obscure a full picture of leadership costs.
What caused the significant revenue drop in 2022 to $947,495?
The drastic drop in revenue in 2022 to less than $1 million, followed by a recovery in 2023, suggests a significant event or change in funding cycles. Without additional context, it's difficult to pinpoint the exact cause, but it represents a notable financial volatility.
Filing History
IRS 990 filing history for Theatre For A New Audience Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatre For A New Audience Inc's revenue has grown by 27.4%, moving from $5.5M to $7.1M. Total assets increased by 100.4% over the same period, from $10.5M to $21.0M. Total functional expenses rose by 79%, from $4.4M to $7.8M. In its most recent filing year (2023), Theatre For A New Audience Inc reported a deficit of $732K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $21.0M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $7.8M | $21.0M | $1.3M | — | — |
| 2022 | $947K | $0 | $22.0M | $1.9M | — | View 990 |
| 2021 | $4.1M | $2.6M | $24.3M | $3.1M | — | View 990 |
| 2020 | $5.6M | $6.1M | $20.3M | $2.1M | — | — |
| 2019 | $8.2M | $7.6M | $20.0M | $1.6M | — | View 990 |
| 2018 | $5.0M | $5.5M | $20.1M | $1.4M | — | View 990 |
| 2017 | $9.0M | $7.1M | $20.3M | $1.3M | — | View 990 |
| 2016 | $4.8M | $6.6M | $18.4M | $1.8M | — | View 990 |
| 2015 | $6.2M | $7.2M | $19.2M | $1.2M | — | View 990 |
| 2014 | $18.4M | $9.1M | $21.0M | $1.7M | — | View 990 |
| 2013 | $4.7M | $4.1M | $11.6M | $1.6M | — | View 990 |
| 2012 | $3.3M | $4.1M | $9.8M | $395K | — | View 990 |
| 2011 | $5.5M | $4.4M | $10.5M | $383K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $7.8M, and assets of $21.0M (revenue +646.3% year-over-year).
- 2022: Revenue of $947K, expenses of $0, and assets of $22.0M (revenue -77.1% year-over-year).
- 2021: Revenue of $4.1M, expenses of $2.6M, and assets of $24.3M (revenue -26.4% year-over-year).
- 2020: Revenue of $5.6M, expenses of $6.1M, and assets of $20.3M (revenue -31.4% year-over-year).
- 2019: Revenue of $8.2M, expenses of $7.6M, and assets of $20.0M (revenue +63.1% year-over-year).
- 2018: Revenue of $5.0M, expenses of $5.5M, and assets of $20.1M (revenue -44.1% year-over-year).
- 2017: Revenue of $9.0M, expenses of $7.1M, and assets of $20.3M (revenue +86.2% year-over-year).
- 2016: Revenue of $4.8M, expenses of $6.6M, and assets of $18.4M (revenue -22.6% year-over-year).
- 2015: Revenue of $6.2M, expenses of $7.2M, and assets of $19.2M (revenue -66.3% year-over-year).
- 2014: Revenue of $18.4M, expenses of $9.1M, and assets of $21.0M (revenue +292.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.1M, and assets of $11.6M (revenue +40.2% year-over-year).
- 2012: Revenue of $3.3M, expenses of $4.1M, and assets of $9.8M (revenue -39.6% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.4M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatre For A New Audience Inc:
Data Sources and Methodology
This transparency report for Theatre For A New Audience 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.