Theatre For The New City Foundation Inc
Theatre For The New City Foundation Inc shows strong revenue growth and no reported officer compensation.
EIN: 132694851 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 90/100 |
Is Theatre For The New City Foundation 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 The New City Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theatre For The New City Foundation Inc
Theatre For The New City Foundation Inc (EIN: 132694851) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $1.7M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre For The New City Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatre For The New City Foundation Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$607K |
| Total Assets | $2.9M |
| Total Liabilities | $94K |
| Net Assets | $2.9M |
| Operating Margin | 34.2% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 30.3 months |
Financial Health Grade: A
In 2023, Theatre For The New City Foundation Inc reported a surplus of $607K with revenue exceeding expenses, holds 30.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theatre For The New City Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.7% | +34.7% | +24.2% |
| 2022 | +76.5% | +68.6% | +14.0% |
| 2021 | -15.2% | -32.8% | +8.0% |
| 2020 | -20.1% | -17.1% | +8.1% |
| 2019 | +25.9% | +4.9% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 The New City Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Theatre For The New City Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $607K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led or very lean executive structure.
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 The New City Foundation Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could warrant further investigation into financial reporting practices or funding sources.
- Consistent 0% officer compensation, while positive for mission spending, is highly unusual for an organization of this size and could indicate reliance on unpaid leadership or alternative compensation structures not captured in 'officer comp'.
Strengths
The following positive indicators were identified for Theatre For The New City Foundation Inc:
- Strong revenue growth, increasing from $672,148 in 2021 to $1,775,738 in 2023.
- Consistent asset growth, from $1,929,413 in 2020 to $2,949,824 in 2023, indicating financial health.
- No reported officer compensation across all filings, suggesting a high dedication of funds to programs.
- Low liabilities relative to assets, indicating strong financial solvency.
- Positive net income in recent periods, contributing to asset accumulation and financial stability.
Frequently Asked Questions about Theatre For The New City Foundation Inc
Is Theatre For The New City Foundation Inc a legitimate charity?
Theatre For The New City Foundation Inc (EIN: 132694851) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Theatre For The New City Foundation Inc spend its money?
Theatre For The New City Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Theatre For The New City Foundation Inc tax-deductible?
Theatre For The New City Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132694851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Theatre For The New City Foundation Inc's spending goes to programs?
Theatre For The New City Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Theatre For The New City Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Theatre For The New City Foundation 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 The New City Foundation Inc located?
Theatre For The New City Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132694851. It is classified under NTEE code A650.
How many years of IRS 990 filings does Theatre For The New City Foundation Inc have?
Theatre For The New City Foundation 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 $1.7M in total revenue.
Is Theatre For The New City Foundation Inc financially stable?
Yes, the organization appears financially stable, with consistent asset growth from $1,929,413 in 2020 to $2,949,824 in 2023, and liabilities remaining low relative to assets.
How has the organization's revenue trended recently?
Revenue has shown significant growth in recent years, increasing from $672,148 in 2021 to $1,775,738 in 2023.
Does the organization pay its officers?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation across all available filing periods, indicating no salaries are paid to officers.
What is the organization's spending efficiency?
The organization demonstrates strong spending efficiency, as evidenced by a significant surplus in the latest filing (202306), where revenue of $1,775,738 exceeded expenses of $1,168,891.
Filing History
IRS 990 filing history for Theatre For The New City Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatre For The New City Foundation Inc's revenue has grown by 136.8%, moving from $750K to $1.8M. Total assets increased by 53.1% over the same period, from $1.9M to $2.9M. Total functional expenses rose by 65.1%, from $708K to $1.2M. In its most recent filing year (2023), Theatre For The New City Foundation Inc reported a surplus of $607K, with revenue exceeding expenses. The organization holds $94K in liabilities against $2.9M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.2M | $2.9M | $94K | — | View 990 |
| 2022 | $1.2M | $868K | $2.4M | $125K | — | View 990 |
| 2021 | $672K | $515K | $2.1M | $152K | — | View 990 |
| 2020 | $793K | $766K | $1.9M | $156K | — | View 990 |
| 2019 | $993K | $924K | $1.8M | $39K | — | View 990 |
| 2018 | $789K | $880K | $1.7M | $46K | — | View 990 |
| 2017 | $841K | $838K | $1.8M | $32K | — | View 990 |
| 2016 | $902K | $915K | $1.8M | $37K | — | View 990 |
| 2015 | $946K | $990K | $1.8M | $48K | — | View 990 |
| 2014 | $855K | $988K | $1.9M | $40K | — | View 990 |
| 2013 | $1.0M | $923K | $2.0M | $60K | — | View 990 |
| 2012 | $966K | $905K | $2.0M | $104K | — | View 990 |
| 2011 | $750K | $708K | $1.9M | $128K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.2M, and assets of $2.9M (revenue +49.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $868K, and assets of $2.4M (revenue +76.5% year-over-year).
- 2021: Revenue of $672K, expenses of $515K, and assets of $2.1M (revenue -15.2% year-over-year).
- 2020: Revenue of $793K, expenses of $766K, and assets of $1.9M (revenue -20.1% year-over-year).
- 2019: Revenue of $993K, expenses of $924K, and assets of $1.8M (revenue +25.9% year-over-year).
- 2018: Revenue of $789K, expenses of $880K, and assets of $1.7M (revenue -6.3% year-over-year).
- 2017: Revenue of $841K, expenses of $838K, and assets of $1.8M (revenue -6.7% year-over-year).
- 2016: Revenue of $902K, expenses of $915K, and assets of $1.8M (revenue -4.7% year-over-year).
- 2015: Revenue of $946K, expenses of $990K, and assets of $1.8M (revenue +10.6% year-over-year).
- 2014: Revenue of $855K, expenses of $988K, and assets of $1.9M (revenue -16.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $923K, and assets of $2.0M (revenue +5.5% year-over-year).
- 2012: Revenue of $966K, expenses of $905K, and assets of $2.0M (revenue +28.9% year-over-year).
- 2011: Revenue of $750K, expenses of $708K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatre For The New City Foundation Inc:
Data Sources and Methodology
This transparency report for Theatre For The New City Foundation 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.