Walking Shadow Theater Company
Walking Shadow Theater Company experiences fluctuating financial performance with consistent officer compensation at 0%.
EIN: 202923433 · Minneapolis, MN · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $118K |
| Program Spending | 85% |
| Net Assets | $22K |
| Transparency Score | 75/100 |
Is Walking Shadow Theater Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walking Shadow Theater Company directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walking Shadow Theater Company
Walking Shadow Theater Company (EIN: 202923433) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A20. The organization reported total revenue of $169K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walking Shadow Theater Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walking Shadow Theater Company is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $118K |
| Surplus / Deficit | $-13,640 |
| Total Assets | $22K |
| Total Liabilities | $117 |
| Net Assets | $22K |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2024, Walking Shadow Theater Company reported a deficit of $14K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Walking Shadow Theater Company's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -25.7% | -34.9% | -40.5% |
| 2023 | -14.3% | +40.4% | -51.6% |
| 2022 | +172.5% | +154.5% | +31.6% |
| 2021 | -67.8% | -66.8% | +67.1% |
| 2020 | +188.6% | +62.5% | +37.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Walking Shadow Theater Company 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Walking Shadow Theater Company 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership either volunteers their time or receives very minimal, non-reportable compensation, which is highly efficient for an organization 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 Walking Shadow Theater Company's IRS 990 filings:
- Inconsistent financial performance with recurring deficits (e.g., 202406, 202306, 201906)
- Low asset base relative to annual revenue, potentially limiting financial resilience
- Significant year-over-year fluctuations in revenue and expenses, indicating unpredictable funding or operational costs
Strengths
The following positive indicators were identified for Walking Shadow Theater Company:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs
- Strong commitment to transparency with 13 IRS 990 filings
- Demonstrated ability to generate over $100,000 in revenue in multiple years (e.g., 202406, 202306, 202206, 202006)
Frequently Asked Questions about Walking Shadow Theater Company
Is Walking Shadow Theater Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Walking Shadow Theater Company (EIN: 202923433) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Walking Shadow Theater Company spend its money?
Walking Shadow Theater Company directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Walking Shadow Theater Company tax-deductible?
Walking Shadow Theater Company is registered as a tax-exempt nonprofit (EIN: 202923433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Walking Shadow Theater Company's spending goes to programs?
Walking Shadow Theater Company directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walking Shadow Theater Company compare to similar nonprofits?
With a transparency score of 75/100 (Good), Walking Shadow Theater Company is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Walking Shadow Theater Company located?
Walking Shadow Theater Company is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 202923433. It is classified under NTEE code A20.
How many years of IRS 990 filings does Walking Shadow Theater Company have?
Walking Shadow Theater Company 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 $169K in total revenue.
Is Walking Shadow Theater Company financially stable?
The organization's financial stability appears to fluctuate. While it has periods of surplus (e.g., 202206 with $34,801 surplus), it also experiences significant deficits (e.g., 202306 with a $40,914 deficit), suggesting an inconsistent financial footing.
How does Walking Shadow Theater Company manage its expenses?
The organization's expenses have varied significantly, from a low of $50,773 in 202106 to a high of $181,445 in 202306. The consistent 0% officer compensation suggests a lean operational model, likely prioritizing program delivery.
What is the trend in Walking Shadow Theater Company's assets?
Assets have fluctuated, reaching a high of $76,691 in 202206 and currently standing at $24,049. This indicates that the organization does not accumulate significant reserves, which could impact its ability to weather financial downturns.
Filing History
IRS 990 filing history for Walking Shadow Theater Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Walking Shadow Theater Company's revenue has grown by 12.1%, moving from $93K to $104K. Total assets decreased by 47% over the same period, from $42K to $22K. Total functional expenses rose by 42.6%, from $83K to $118K. In its most recent filing year (2024), Walking Shadow Theater Company reported a deficit of $14K, with expenses exceeding revenue. The organization holds $117 in liabilities against $22K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $104K | $118K | $22K | $117 | — | — |
| 2023 | $141K | $181K | $37K | $2K | — | View 990 |
| 2022 | $164K | $129K | $77K | $154 | — | View 990 |
| 2021 | $60K | $51K | $58K | $17K | — | View 990 |
| 2020 | $187K | $153K | $35K | $3K | — | View 990 |
| 2019 | $65K | $94K | $25K | $27K | — | View 990 |
| 2018 | $98K | $113K | $33K | $6K | — | — |
| 2017 | $89K | $104K | $48K | $4K | — | View 990 |
| 2016 | $129K | $118K | $64K | $4K | — | View 990 |
| 2015 | $100K | $101K | $49K | $466 | — | View 990 |
| 2014 | $100K | $104K | $50K | $383 | — | View 990 |
| 2013 | $97K | $81K | $55K | $524 | — | View 990 |
| 2012 | $93K | $83K | $42K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $104K, expenses of $118K, and assets of $22K (revenue -25.7% year-over-year).
- 2023: Revenue of $141K, expenses of $181K, and assets of $37K (revenue -14.3% year-over-year).
- 2022: Revenue of $164K, expenses of $129K, and assets of $77K (revenue +172.5% year-over-year).
- 2021: Revenue of $60K, expenses of $51K, and assets of $58K (revenue -67.8% year-over-year).
- 2020: Revenue of $187K, expenses of $153K, and assets of $35K (revenue +188.6% year-over-year).
- 2019: Revenue of $65K, expenses of $94K, and assets of $25K (revenue -33.9% year-over-year).
- 2018: Revenue of $98K, expenses of $113K, and assets of $33K (revenue +10.6% year-over-year).
- 2017: Revenue of $89K, expenses of $104K, and assets of $48K (revenue -31.3% year-over-year).
- 2016: Revenue of $129K, expenses of $118K, and assets of $64K (revenue +29.8% year-over-year).
- 2015: Revenue of $100K, expenses of $101K, and assets of $49K (revenue -0.2% year-over-year).
- 2014: Revenue of $100K, expenses of $104K, and assets of $50K (revenue +2.7% year-over-year).
- 2013: Revenue of $97K, expenses of $81K, and assets of $55K (revenue +4.1% year-over-year).
- 2012: Revenue of $93K, expenses of $83K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walking Shadow Theater Company:
Data Sources and Methodology
This transparency report for Walking Shadow Theater Company 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.