Quick charity verification for North Carolina Childrens Museum (EIN: 202058235)
Verdict: North Carolina Childrens Museum appears trustworthy
85/100Mission Score
$759KRevenue
$5.4MAssets
1Red Flags
4Strengths
Red Flags
Historical periods of expenses exceeding revenue (e.g., 2019, 2018, 2017, 2016, 2015) suggest past financial challenges, though this has been significantly reversed in the latest filing.
Strengths
Significant revenue growth in 2023 ($2,758,042) far exceeding expenses ($1,328,199).
Substantial increase in assets to $1,915,328 in 2023, indicating improved financial stability.
Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to mission-focused spending.
Positive net income in the latest fiscal year, reversing previous trends where expenses often outpaced revenue.
Spending Breakdown
How North Carolina Childrens 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 North Carolina Childrens Museum
Is North Carolina Childrens Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Childrens Museum (EIN: 202058235) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is North Carolina Childrens Museum a good charity to donate to?
North Carolina Childrens Museum has a Mission Score of 85/100. Revenue: $759K. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North Carolina Childrens Museum?
The Employer Identification Number (EIN) for North Carolina Childrens Museum is 202058235. 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 North Carolina Childrens Museum spend its money?
North Carolina Childrens Museum allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North Carolina Childrens Museum's tax-exempt status?
You can verify North Carolina Childrens Museum's tax-exempt status using EIN 202058235 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 North Carolina Childrens Museum demonstrates a fluctuating but generally improving financial trajectory, particularly in its most recent filing. In 2023, the organization reported a significant increase in revenue to $2,758,042, substantially exceeding its expenses of $1,328,199, which indicates strong financial management and growth. This positive trend is a marked improvement from previous years where expenses often outpaced revenue, such as in 2019 ($795,614 expenses vs. $646,686 revenue) and 2018 ($866,230 expenses vs. $751,476 revenue). The substantial increase in assets to $1,915,328 in 2023, up from $478,315 in 2022, further solidifies its financial health and capacity. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the organization's mission rather than executive salaries, enhancing its transparency and public trust. While specific program spending ratios are not detailed in the provided data, the overall financial health appears robust in the latest period.