Irt Theater Inc
Nonprofit profile at a glance
- EIN
- 112831694
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2122066875
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $192,460
- Expenses
- $183,906
- Assets
- $303,066
- Liabilities
- $4,789
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- COURTNEY ARMSTRONG (President)
- MARISA KATZ (Vice President)
People named in this filing
- KORI RUSHTON (Executive Dir.)
- COURTNEY ARMSTRONG (President)
- MARISA KATZ (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tucked away in the old Archive Building in Greenwich Village, IRTs mission is to build a community of emerging and established artists by creating a home for the development and presentation of new work. IRT supports independent artists through our Artist in Residency Program, and we provide access for Deaf and hard of hearing communities through our ASL Creative Department. ASL Creative provides professional arts opportunities for Deaf and hearing artists to collaborate in creating new work produced by IRT Theater. ASL Creatives education program, Westside Experiment, pairs Deaf and hearing students with a working theater company to educate young artists on how to create theater collaboratively.
What it reported doing in 2024
3B Development Series
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 100
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 62.8%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.4%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 62.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $116K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.