Is George & Leah Mckenna Museum Of African American Art Legit?
Quick charity verification for George & Leah Mckenna Museum Of African American Art (EIN: 201080155)
Verdict: George & Leah Mckenna Museum Of African American Art appears trustworthy
85/100Mission Score
$237KRevenue
$6.2MAssets
1Red Flags
4Strengths
Red Flags
Recent periods show expenses slightly exceeding revenue (e.g., 2023: $179,397 expenses vs. $164,683 revenue), which if sustained, could impact reserves.
Strengths
Consistent 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
Substantial and growing asset base, from $4,087,178 in 2013 to $4,601,744 in 2023, demonstrating long-term financial stability.
Very low liabilities across all periods, indicating minimal debt and a healthy balance sheet.
Long history of IRS 990 filings (12 filings), suggesting consistent compliance and transparency.
Spending Breakdown
How George & Leah Mckenna Museum Of African American Art allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about George & Leah Mckenna Museum Of African American Art
Is George & Leah Mckenna Museum Of African American Art a legitimate charity?
Based on AI analysis of IRS 990 filings, George & Leah Mckenna Museum Of African American Art (EIN: 201080155) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is George & Leah Mckenna Museum Of African American Art a good charity to donate to?
George & Leah Mckenna Museum Of African American Art has a Mission Score of 85/100. Revenue: $237K. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for George & Leah Mckenna Museum Of African American Art?
The Employer Identification Number (EIN) for George & Leah Mckenna Museum Of African American Art is 201080155. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does George & Leah Mckenna Museum Of African American Art spend its money?
George & Leah Mckenna Museum Of African American Art allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify George & Leah Mckenna Museum Of African American Art's tax-exempt status?
You can verify George & Leah Mckenna Museum Of African American Art's tax-exempt status using EIN 201080155 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The George & Leah Mckenna Museum Of African American Art demonstrates consistent financial operations, with revenues generally covering expenses, though some recent periods show expenses slightly exceeding revenue, such as in 2023 where expenses were $179,397 against revenues of $164,683. The organization maintains substantial assets, growing from $4,087,178 in 2013 to $4,601,744 in 2023, indicating a stable financial foundation. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries. This practice enhances the perception of financial efficiency and donor trust.
While the filings provide a good overview of financial health, a detailed breakdown of program, administrative, and fundraising expenses is not readily available in the provided summary, making a precise assessment of spending efficiency challenging. However, the absence of officer compensation is a significant positive indicator of resource allocation. The organization's asset growth, despite fluctuating annual revenues and expenses, points to sound long-term financial management. The relatively low liabilities across most periods also contribute to a healthy balance sheet.
Overall, the museum appears to be a financially stable entity with a commendable approach to executive compensation, fostering transparency and trust. Further detailed expense breakdowns would provide even greater insight into operational efficiency and program impact.