Vagabond School Of The Drama Inc
EIN: 560571518 · Flat Rock, NC · NTEE: A6E0
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.1M |
| Net Assets | $2.5M |
Is Vagabond School Of The Drama Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vagabond School Of The Drama Inc
Vagabond School Of The Drama Inc (EIN: 560571518) is a nonprofit organization based in Flat Rock, NC, classified under NTEE code A6E0. The organization reported total revenue of $5.3M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vagabond School Of The Drama Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vagabond School Of The Drama Inc is a mid-size nonprofit that has been operating for 74 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-335,022 |
| Total Assets | $5.1M |
| Total Liabilities | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | -8.8% |
| Debt-to-Asset Ratio | 50.2% |
| Months of Reserves | 14.7 months |
Financial Health Grade: C
In 2022, Vagabond School Of The Drama Inc reported a deficit of $335K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 50.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Vagabond School Of The Drama Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -4.0% | +131.1% | -2.7% |
| 2021 | +108.9% | -6.2% | +67.7% |
| 2020 | -53.0% | -50.4% | -5.5% |
| 2019 | +20.7% | +4.8% | +5.3% |
| 2018 | -25.5% | -17.2% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vagabond School Of The Drama Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vagabond School Of The Drama Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $335K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.2%.
Frequently Asked Questions about Vagabond School Of The Drama Inc
Is Vagabond School Of The Drama Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vagabond School Of The Drama Inc (EIN: 560571518) insufficient data. 0 red flags identified, 0 strengths noted.
How does Vagabond School Of The Drama Inc spend its money?
Detailed spending breakdown data is not yet available for Vagabond School Of The Drama Inc. Check back for updated IRS 990 analysis.
Are donations to Vagabond School Of The Drama Inc tax-deductible?
Vagabond School Of The Drama Inc is registered as a tax-exempt nonprofit (EIN: 560571518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vagabond School Of The Drama Inc located?
Vagabond School Of The Drama Inc is headquartered in Flat Rock, North Carolina and files with the IRS under EIN 560571518. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Vagabond School Of The Drama Inc have?
Vagabond School Of The Drama Inc has 12 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 $5.3M in total revenue.
Filing History
IRS 990 filing history for Vagabond School Of The Drama Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Vagabond School Of The Drama Inc's revenue has grown by 2.3%, moving from $3.7M to $3.8M. Total assets increased by 22.2% over the same period, from $4.1M to $5.1M. Total functional expenses fell by 4.4%, from $4.3M to $4.1M. In its most recent filing year (2022), Vagabond School Of The Drama Inc reported a deficit of $335K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $5.1M in assets (debt-to-asset ratio: 50.2%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.8M | $4.1M | $5.1M | $2.5M | — | View 990 |
| 2021 | $4.0M | $1.8M | $5.2M | $2.3M | — | View 990 |
| 2020 | $1.9M | $1.9M | $3.1M | $2.4M | — | — |
| 2019 | $4.0M | $3.8M | $3.3M | $2.4M | — | View 990 |
| 2018 | $3.3M | $3.7M | $3.1M | $2.4M | — | View 990 |
| 2017 | $4.5M | $4.4M | $3.5M | $2.5M | — | View 990 |
| 2016 | $4.1M | $4.0M | $3.6M | $2.9M | — | View 990 |
| 2015 | $4.0M | $4.2M | $3.4M | $2.8M | — | View 990 |
| 2014 | $3.9M | $4.1M | $3.8M | $3.0M | — | View 990 |
| 2013 | $4.3M | $4.3M | $4.1M | $3.0M | — | View 990 |
| 2012 | $4.3M | $4.7M | $3.9M | $2.9M | — | View 990 |
| 2011 | $3.7M | $4.3M | $4.1M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.8M, expenses of $4.1M, and assets of $5.1M (revenue -4.0% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.8M, and assets of $5.2M (revenue +108.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $3.1M (revenue -53.0% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.8M, and assets of $3.3M (revenue +20.7% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.7M, and assets of $3.1M (revenue -25.5% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.4M, and assets of $3.5M (revenue +10.5% year-over-year).
- 2016: Revenue of $4.1M, expenses of $4.0M, and assets of $3.6M (revenue +1.9% year-over-year).
- 2015: Revenue of $4.0M, expenses of $4.2M, and assets of $3.4M (revenue +1.9% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.1M, and assets of $3.8M (revenue -10.3% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.3M, and assets of $4.1M (revenue +0.6% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.7M, and assets of $3.9M (revenue +16.4% year-over-year).
- 2011: Revenue of $3.7M, expenses of $4.3M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vagabond School Of The Drama Inc:
Data Sources and Methodology
This transparency report for Vagabond School Of The Drama 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.