Theatre Horizon

Theatre Horizon shows strong asset growth and no officer compensation, despite a recent deficit in 2023.

EIN: 203708656 · Norristown, PA · NTEE: A65 · Updated: 2026-03-28

$1.2MRevenue

$1.5MAssets

85/100Mission Score (Excellent)

A65

About Theatre Horizon

Theatre Horizon (EIN: 203708656) is a nonprofit organization based in Norristown, PA, classified under NTEE code A65. The organization reported total revenue of $1.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatre Horizon's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Theatre Horizon demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across all reported periods. The organization has shown significant growth in revenue and assets over the past decade, with assets growing from $448,145 in 2013 to $1,938,330 in 2023. While there was a notable deficit in the 2023 fiscal year, with expenses exceeding revenue by over $500,000, this follows two years of substantial surpluses in 2021 and 2022. The organization's consistent reporting and zero officer compensation indicate a commitment to transparency and efficient use of funds, particularly regarding executive pay. The fluctuation in annual revenue and expenses suggests a dynamic operational environment, but the overall trend points to a growing and stable organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Theatre Horizon 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Theatre Horizon allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Theatre Horizon reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly commendable for a nonprofit of its size with over $1 million in annual revenue.

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 Horizon's IRS 990 filings:

Significant deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $500,000.

Strengths

The following positive indicators were identified for Theatre Horizon:

Consistent reporting of 0% officer compensation across all filings, indicating excellent executive compensation practices.
Strong asset growth over the past decade, from $448,145 in 2013 to $1,938,330 in 2023.
Generally low liabilities relative to assets, demonstrating good financial management.
Consistent filing of IRS Form 990s, indicating transparency and compliance.

Frequently Asked Questions about Theatre Horizon

What caused the significant deficit in the 2023 fiscal year?

In fiscal year 2023, Theatre Horizon reported expenses of $1,636,295 against revenues of $1,126,605, resulting in a deficit of over $500,000. This contrasts with surpluses in the prior two years and warrants further investigation into specific expenditure categories.

How does Theatre Horizon manage its liabilities?

Theatre Horizon generally maintains low liabilities relative to its assets. For instance, in 2023, liabilities were $319,813 against assets of $1,938,330, indicating a strong financial position and good debt management.

Has the organization's revenue been consistent?

Revenue has fluctuated, showing growth from $516,839 in 2013 to a peak of $1,682,645 in 2022, before decreasing to $1,126,605 in 2023. This suggests variability in funding or operational scale year-to-year.

Filing History

IRS 990 filing history for Theatre Horizon showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Theatre Horizon's revenue has grown by 210.9%, moving from $362K to $1.1M. Total assets increased by 2254.3% over the same period, from $82K to $1.9M. Total functional expenses rose by 353.8%, from $361K to $1.6M. In its most recent filing year (2023), Theatre Horizon reported a deficit of $510K, with expenses exceeding revenue. The organization holds $320K in liabilities against $1.9M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $1.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.1M	$1.6M	$1.9M	$320K	—	View 990
2022	$1.7M	$1.1M	$2.2M	$56K	—	View 990
2021	$1.4M	$629K	$1.6M	$76K	—	View 990
2020	$987K	$997K	$899K	$131K	—	View 990
2019	$1.2M	$1.0M	$859K	$82K	—	View 990
2018	$904K	$936K	$686K	$56K	—	View 990
2017	$671K	$889K	$733K	$70K	—	View 990
2016	$1.1M	$745K	$949K	$68K	—	View 990
2014	$667K	$478K	$647K	$72K	—	View 990
2013	$517K	$455K	$448K	$62K	—	View 990
2012	$616K	$343K	$348K	$23K	—	View 990
2011	$362K	$361K	$82K	$12K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.1M, expenses of $1.6M, and assets of $1.9M (revenue -33.0% year-over-year).
2022: Revenue of $1.7M, expenses of $1.1M, and assets of $2.2M (revenue +17.3% year-over-year).
2021: Revenue of $1.4M, expenses of $629K, and assets of $1.6M (revenue +45.4% year-over-year).
2020: Revenue of $987K, expenses of $997K, and assets of $899K (revenue -16.2% year-over-year).
2019: Revenue of $1.2M, expenses of $1.0M, and assets of $859K (revenue +30.4% year-over-year).
2018: Revenue of $904K, expenses of $936K, and assets of $686K (revenue +34.7% year-over-year).
2017: Revenue of $671K, expenses of $889K, and assets of $733K (revenue -37.0% year-over-year).
2016: Revenue of $1.1M, expenses of $745K, and assets of $949K (revenue +59.6% year-over-year).
2014: Revenue of $667K, expenses of $478K, and assets of $647K (revenue +29.1% year-over-year).
2013: Revenue of $517K, expenses of $455K, and assets of $448K (revenue -16.1% year-over-year).
2012: Revenue of $616K, expenses of $343K, and assets of $348K (revenue +70.0% year-over-year).
2011: Revenue of $362K, expenses of $361K, and assets of $82K.

Data Sources and Methodology

This transparency report for Theatre Horizon 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.