Quick charity verification for Grand Rapids Public Museum (EIN: 205071420)
Verdict: Grand Rapids Public Museum appears trustworthy
85/100Mission Score
$11.4MRevenue
$27.1MAssets
2Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.
Strengths
Significant and consistent revenue growth, with revenue increasing from $6,245,501 in 2014 to $20,611,936 in 2023.
Strong asset accumulation, growing from $3,569,982 in 2014 to $27,113,284 currently, indicating robust financial stability.
Consistent positive net income (revenue exceeding expenses) in most filing periods, demonstrating sound financial management.
Low liabilities relative to assets, with liabilities of $1,351,384 against assets of $23,162,635 in 2023, suggesting good financial leverage.
Spending Breakdown
How Grand Rapids Public Museum allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Grand Rapids Public Museum
Is Grand Rapids Public Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Rapids Public Museum (EIN: 205071420) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Grand Rapids Public Museum a good charity to donate to?
Grand Rapids Public Museum has a Mission Score of 85/100. Revenue: $11.4M. Assets: $27.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grand Rapids Public Museum?
The Employer Identification Number (EIN) for Grand Rapids Public Museum is 205071420. 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 Grand Rapids Public Museum spend its money?
Grand Rapids Public Museum allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grand Rapids Public Museum's tax-exempt status?
You can verify Grand Rapids Public Museum's tax-exempt status using EIN 205071420 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 Grand Rapids Public Museum demonstrates strong financial health and growth, particularly evidenced by its significant increase in assets from $3,569,982 in 2014 to $27,113,284 currently, and a substantial revenue jump to $20,611,936 in the 202306 period. The organization consistently reports 0% officer compensation, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which could be a positive sign for donor confidence regarding executive pay. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent surplus of revenue over expenses in most years suggests sound financial management, building a robust asset base for future operations.