Is Intrepid Museum Foundation Inc Legit?

Quick charity verification for Intrepid Museum Foundation Inc (EIN: 133062419)

Verdict: Intrepid Museum Foundation Inc appears trustworthy

85/100Mission Score

$46.0MRevenue

$91.4MAssets

2Red Flags

4Strengths

Red Flags

Consistent slight operating deficits in recent years (e.g., 202312: Expenses $34.7M vs. Revenue $30.8M)
Significant revenue volatility, with a sharp drop in 2020 ($9.1M) and subsequent recovery, which could indicate susceptibility to external factors.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating strong financial integrity.
Robust asset base, consistently around $90-100 million, providing a strong financial cushion.
Strong revenue recovery post-2020, demonstrating resilience and effective fundraising.
Consistent filing of IRS 990s over 13 periods, indicating good compliance and transparency.

Spending Breakdown

How Intrepid Museum Foundation Inc 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 Intrepid Museum Foundation Inc

Is Intrepid Museum Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Intrepid Museum Foundation Inc (EIN: 133062419) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Intrepid Museum Foundation Inc a good charity to donate to?

Intrepid Museum Foundation Inc has a Mission Score of 85/100. Revenue: $46.0M. Assets: $91.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Intrepid Museum Foundation Inc?

The Employer Identification Number (EIN) for Intrepid Museum Foundation Inc is 133062419. 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 Intrepid Museum Foundation Inc spend its money?

Intrepid Museum Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Intrepid Museum Foundation Inc's tax-exempt status?

You can verify Intrepid Museum Foundation Inc's tax-exempt status using EIN 133062419 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 Intrepid Museum Foundation Inc. demonstrates a generally stable financial position, with assets consistently around the $90-100 million mark over the past several years, reaching $91,434,609 in its latest filing. While the organization experienced a significant revenue dip in 2020 ($9,089,021), likely due to the pandemic, it has shown strong recovery, with the latest reported revenue at $46,035,221. The foundation consistently spends close to its revenue, often incurring slight deficits, as seen in 202312 (Expenses $34,699,038 vs. Revenue $30,793,800) and 202212 (Expenses $31,400,029 vs. Revenue $30,558,446). This indicates a strategy of utilizing most incoming funds for operations rather than accumulating large surpluses.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent expenditure levels suggest a steady operational footprint. The organization's transparency is commendable in one key area: the reported officer compensation has been 0% across all provided filings, indicating that the highest-ranking officers are not directly compensated through the foundation's funds, which is a strong positive for donor confidence. The consistent filing of IRS 990s over 13 periods also points to good compliance and transparency practices.

Overall, the Intrepid Museum Foundation appears to be a well-established organization with a robust asset base and a demonstrated ability to recover from financial challenges. Its commitment to not compensating officers directly from the foundation's funds is a significant strength in terms of financial transparency and efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.