Quick charity verification for Mississippi Maritime Museum Inc (EIN: 208271687)
Verdict: Mississippi Maritime Museum Inc shows mixed signals
45/100Mission Score
$16KRevenue
$1.2MAssets
4Red Flags
3Strengths
Red Flags
Persistent operating deficits (e.g., $137,110 expenses vs. $77,662 revenue in 2023).
Significant decline in total revenue from $743,522 in 2019 to $77,662 in 2023.
Consistent erosion of assets, decreasing from $1,639,337 in 2020 to $1,199,770 in 2023.
Liabilities have remained relatively high (e.g., $347,674 in 2023) compared to declining revenue.
Strengths
Consistent 0% officer compensation, indicating a commitment to minimizing executive overhead.
Long history of 990 filings, demonstrating transparency in reporting.
Significant asset base of over $1 million, providing some financial cushion despite recent declines.
Spending Breakdown
How Mississippi Maritime Museum Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Mississippi Maritime Museum Inc
Is Mississippi Maritime Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mississippi Maritime Museum Inc (EIN: 208271687) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Mississippi Maritime Museum Inc a good charity to donate to?
Mississippi Maritime Museum Inc has a Mission Score of 45/100. Revenue: $16K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mississippi Maritime Museum Inc?
The Employer Identification Number (EIN) for Mississippi Maritime Museum Inc is 208271687. 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 Mississippi Maritime Museum Inc spend its money?
Mississippi Maritime Museum Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mississippi Maritime Museum Inc's tax-exempt status?
You can verify Mississippi Maritime Museum Inc's tax-exempt status using EIN 208271687 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 Mississippi Maritime Museum Inc. exhibits a concerning trend of declining financial health, with expenses consistently exceeding revenue in recent years. For instance, in 2023, expenses were $137,110 against revenues of $77,662, and in 2022, expenses were $282,032 compared to revenues of $100,652. This operational deficit is leading to a gradual erosion of assets, which have decreased from a peak of $1,639,337 in 2020 to $1,199,770 in 2023. While the organization reports 0% officer compensation, which is a positive indicator of minimizing administrative overhead, the overall financial sustainability is questionable given the persistent revenue shortfalls.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent net losses suggest that current revenue streams are insufficient to cover operational costs, regardless of how efficiently funds are allocated. The significant drop in revenue from $743,522 in 2019 to $77,662 in 2023 is particularly alarming and points to potential challenges in fundraising or earned income generation. The organization's transparency is generally good through its consistent 990 filings, but the financial trends raise serious questions about its long-term viability and impact.