Theatreworks Usa Corp
Theatreworks Usa Corp shows fluctuating annual financial performance but consistent asset growth and no reported officer compensation.
EIN: 132583793 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.9M |
| Total Expenses | $7.4M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $3.1M |
| Transparency Score | 75/100 |
Is Theatreworks Usa Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatreworks Usa Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theatreworks Usa Corp
Theatreworks Usa Corp (EIN: 132583793) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $8.9M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatreworks Usa Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theatreworks Usa Corp is a mid-size 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 -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-497,947 |
| Total Assets | $5.3M |
| Total Liabilities | $2.2M |
| Net Assets | $3.1M |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2023, Theatreworks Usa Corp reported a deficit of $498K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Theatreworks Usa Corp's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | +63.2% | +16.5% |
| 2022 | +161.5% | +133.1% | +80.7% |
| 2021 | -43.9% | -70.1% | -2.4% |
| 2020 | -27.3% | -6.3% | +10.7% |
| 2019 | -12.6% | -12.1% | +5.4% |
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 Theatreworks Usa Corp with a Mission Score of 75 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, Theatreworks Usa Corp 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 $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
Theatreworks Usa Corp consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues often exceeding $7 million. This could indicate that executive compensation is either non-existent, paid through a related entity, or reported under other expense categories, requiring further scrutiny 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 Theatreworks Usa Corp's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive remuneration practices.
- Operational deficit in the 202306 period, with expenses ($7,382,356) exceeding revenue ($6,884,409).
Strengths
The following positive indicators were identified for Theatreworks Usa Corp:
- Significant growth in assets, from $2,515,108 in 202106 to $5,293,277 in 202306, indicating strengthening financial reserves.
- Strong operational surplus in the 202206 period, with revenue ($7,602,436) significantly exceeding expenses ($4,524,874).
- Consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Theatreworks Usa Corp
Is Theatreworks Usa Corp a legitimate charity?
Theatreworks Usa Corp (EIN: 132583793) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Theatreworks Usa Corp spend its money?
Theatreworks Usa Corp directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Theatreworks Usa Corp tax-deductible?
Theatreworks Usa Corp is registered as a tax-exempt nonprofit (EIN: 132583793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theatreworks Usa Corp CEO make?
Theatreworks Usa Corp's highest-compensated officer earns $7 annually. The organization reported $8.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Theatreworks Usa Corp's spending goes to programs?
Theatreworks Usa Corp directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Theatreworks Usa Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Theatreworks Usa Corp 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 Theatreworks Usa Corp located?
Theatreworks Usa Corp is headquartered in New York, New York and files with the IRS under EIN 132583793. It is classified under NTEE code A650.
How many years of IRS 990 filings does Theatreworks Usa Corp have?
Theatreworks Usa Corp 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 $8.9M in total revenue.
Is Theatreworks Usa Corp a good charity?
Based on the available data, Theatreworks Usa Corp demonstrates financial stability through growing assets and a consistent filing history. The lack of reported officer compensation is a notable point for further investigation, but overall, the organization appears to manage its finances responsibly, albeit with some year-to-year operational fluctuations.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization with revenues in the millions. This could mean that officers are volunteers, compensated through a related entity, or their compensation is categorized differently on the 990, which would require reviewing the full Form 990 for details.
How has the organization's financial health changed over the past few years?
The organization's financial health has shown growth in assets, from $2,515,108 in 202106 to $5,293,277 in 202306. While there have been years with operational deficits (e.g., 202306 with expenses of $7,382,356 exceeding revenue of $6,884,409), there have also been years with significant surpluses (e.g., 202206 with revenue of $7,602,436 exceeding expenses of $4,524,874), indicating a generally positive trend in net assets.
Filing History
IRS 990 filing history for Theatreworks Usa Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatreworks Usa Corp's revenue has declined by 21%, moving from $8.7M to $6.9M. Total assets increased by 73.5% over the same period, from $3.1M to $5.3M. Total functional expenses fell by 18.4%, from $9.0M to $7.4M. In its most recent filing year (2023), Theatreworks Usa Corp reported a deficit of $498K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $5.3M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.4M | $5.3M | $2.2M | — | — |
| 2022 | $7.6M | $4.5M | $4.5M | $976K | — | View 990 |
| 2021 | $2.9M | $1.9M | $2.5M | $2.0M | — | View 990 |
| 2020 | $5.2M | $6.5M | $2.6M | $3.0M | — | View 990 |
| 2019 | $7.1M | $6.9M | $2.3M | $1.5M | — | View 990 |
| 2018 | $8.2M | $7.9M | $2.2M | $1.6M | — | View 990 |
| 2017 | $7.7M | $7.7M | $2.1M | $1.7M | — | View 990 |
| 2016 | $7.6M | $7.6M | $2.4M | $1.9M | — | View 990 |
| 2015 | $7.4M | $7.5M | $2.3M | $1.8M | — | View 990 |
| 2014 | $7.0M | $7.1M | $2.3M | $1.7M | — | View 990 |
| 2013 | $7.0M | $7.3M | $2.8M | $2.1M | — | View 990 |
| 2012 | $7.4M | $7.7M | $2.8M | $1.8M | — | View 990 |
| 2011 | $8.7M | $9.0M | $3.1M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.4M, and assets of $5.3M (revenue -9.4% year-over-year).
- 2022: Revenue of $7.6M, expenses of $4.5M, and assets of $4.5M (revenue +161.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.9M, and assets of $2.5M (revenue -43.9% year-over-year).
- 2020: Revenue of $5.2M, expenses of $6.5M, and assets of $2.6M (revenue -27.3% year-over-year).
- 2019: Revenue of $7.1M, expenses of $6.9M, and assets of $2.3M (revenue -12.6% year-over-year).
- 2018: Revenue of $8.2M, expenses of $7.9M, and assets of $2.2M (revenue +6.5% year-over-year).
- 2017: Revenue of $7.7M, expenses of $7.7M, and assets of $2.1M (revenue +1.2% year-over-year).
- 2016: Revenue of $7.6M, expenses of $7.6M, and assets of $2.4M (revenue +2.8% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.5M, and assets of $2.3M (revenue +4.6% year-over-year).
- 2014: Revenue of $7.0M, expenses of $7.1M, and assets of $2.3M (revenue +0.4% year-over-year).
- 2013: Revenue of $7.0M, expenses of $7.3M, and assets of $2.8M (revenue -4.6% year-over-year).
- 2012: Revenue of $7.4M, expenses of $7.7M, and assets of $2.8M (revenue -15.7% year-over-year).
- 2011: Revenue of $8.7M, expenses of $9.0M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theatreworks Usa Corp:
Data Sources and Methodology
This transparency report for Theatreworks Usa Corp 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.