Waldo Theater Inc
Waldo Theater Inc shows strong asset growth and no executive compensation, despite a recent operating deficit.
EIN: 10459306 · Waldoboro, ME · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $596K |
| Total Expenses | $516K |
| Program Spending | 80% |
| Net Assets | $830K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Waldo Theater Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Waldo Theater Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Waldo Theater Inc in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $488K and expenses of $516K.
Revenue and Expenses
Waldo Theater Inc reported $488K in revenue and $516K in expenses, a deficit of $28K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Waldo Theater Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $413K (80%) |
Across stored filings, Waldo Theater Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 6 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Arts & Culture context |
Trust Check
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Donation Decision Flow
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80% of spending goes to programs.
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Waldo Theater Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waldo Theater Inc
Waldo Theater Inc (EIN: 10459306) is a nonprofit organization based in Waldoboro, ME, classified under NTEE code A65. The organization reported total revenue of $596K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waldo Theater Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waldo Theater Inc is a small nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $488K |
| Total Expenses | $516K |
| Surplus / Deficit | $-28,170 |
| Total Assets | $1.0M |
| Total Liabilities | $193K |
| Net Assets | $830K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 23.8 months |
Financial Health Grade: B
In 2023, Waldo Theater Inc reported a deficit of $28K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Waldo Theater Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +99.0% | +94.1% | -0.3% |
| 2022 | +10.5% | +39.3% | -2.1% |
| 2021 | -14.1% | +60.6% | +1.5% |
| 2020 | +86.1% | +35.0% | +54.5% |
| 2019 | +15.6% | +131.2% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Waldo Theater Inc 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, Waldo Theater Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Waldo Theater Inc consistently reports 0% officer compensation across all six available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Waldo Theater Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by $28,170.
Strengths
The following positive indicators were identified for Waldo Theater Inc:
- Consistent asset growth, exceeding $1 million by 2023.
- Zero officer compensation reported across all filings, indicating strong dedication to mission.
- Significant revenue growth over the past five years, from $120,025 in 2018 to $487,903 in 2023.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Waldo Theater Inc
Is Waldo Theater Inc a legitimate charity?
Waldo Theater Inc (EIN: 10459306) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $596K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Waldo Theater Inc spend its money?
Waldo Theater Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waldo Theater Inc tax-deductible?
Waldo Theater Inc is registered as a tax-exempt nonprofit (EIN: 10459306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waldo Theater Inc's spending goes to programs?
Waldo Theater Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waldo Theater Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Waldo Theater Inc is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waldo Theater Inc located?
Waldo Theater Inc is headquartered in Waldoboro, Maine and files with the IRS under EIN 10459306. It is classified under NTEE code A65.
How many years of IRS 990 filings does Waldo Theater Inc have?
Waldo Theater Inc has 6 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 $596K in total revenue.
Is Waldo Theater Inc experiencing financial difficulties due to the 2023 deficit?
While Waldo Theater Inc did report a deficit of approximately $28,000 in 2023 (Expenses $516,073 vs. Revenue $487,903), its assets remain strong at over $1 million, suggesting it has reserves to cover short-term shortfalls. This single deficit does not immediately indicate severe financial difficulty, but it warrants monitoring in future periods.
How has Waldo Theater Inc's revenue grown over time?
Waldo Theater Inc has shown significant revenue growth, increasing from $120,025 in 2018 to $487,903 in 2023, representing over a 300% increase in five years. This indicates growing support and operational scale.
What is the trend in Waldo Theater Inc's liabilities?
Waldo Theater Inc's liabilities have increased from $0 in 2018 and 2019 to $192,897 in 2023. While this is an increase, it is still a manageable portion of its total assets ($1,023,243 in 2023).
Filing History
IRS 990 filing history for Waldo Theater Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Waldo Theater Inc's revenue has grown by 306.5%, moving from $120K to $488K. Total assets increased by 65.5% over the same period, from $618K to $1.0M. Total functional expenses rose by 1255.8%, from $38K to $516K. In its most recent filing year (2023), Waldo Theater Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $193K in liabilities against $1.0M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $830K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $488K | $516K | $1.0M | $193K | — | — |
| 2022 | $245K | $266K | $1.0M | $168K | — | View 990 |
| 2021 | $222K | $191K | $1.0M | $169K | — | View 990 |
| 2020 | $258K | $119K | $1.0M | $185K | — | — |
| 2019 | $139K | $88K | $669K | $0 | — | View 990 |
| 2018 | $120K | $38K | $618K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $488K, expenses of $516K, and assets of $1.0M (revenue +99.0% year-over-year).
- 2022: Revenue of $245K, expenses of $266K, and assets of $1.0M (revenue +10.5% year-over-year).
- 2021: Revenue of $222K, expenses of $191K, and assets of $1.0M (revenue -14.1% year-over-year).
- 2020: Revenue of $258K, expenses of $119K, and assets of $1.0M (revenue +86.1% year-over-year).
- 2019: Revenue of $139K, expenses of $88K, and assets of $669K (revenue +15.6% year-over-year).
- 2018: Revenue of $120K, expenses of $38K, and assets of $618K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waldo Theater Inc:
Data Sources and Methodology
This transparency report for Waldo Theater 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.