Quick charity verification for Spokane Valley Heritage Museum (EIN: 10602585)
Verdict: Spokane Valley Heritage Museum appears trustworthy
92/100Mission Score
$153KRevenue
$370KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202312), with $84,689 in expenses against $66,352 in revenue.
Strengths
Consistent 0% officer compensation across all nine filings, indicating high efficiency and mission focus.
Strong asset growth from $202,426 in 2015 to $356,658 in 2023.
Extremely low to zero liabilities reported in all filings, including $0 in 2023.
Healthy asset base relative to annual revenue, providing financial stability.
Clear and consistent IRS 990 filing history demonstrating transparency.
Spending Breakdown
How Spokane Valley Heritage Museum allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Spokane Valley Heritage Museum
Is Spokane Valley Heritage Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Spokane Valley Heritage Museum (EIN: 10602585) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Spokane Valley Heritage Museum a good charity to donate to?
Spokane Valley Heritage Museum has a Mission Score of 92/100. Revenue: $153K. Assets: $370K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spokane Valley Heritage Museum?
The Employer Identification Number (EIN) for Spokane Valley Heritage Museum is 10602585. 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 Spokane Valley Heritage Museum spend its money?
Spokane Valley Heritage Museum allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spokane Valley Heritage Museum's tax-exempt status?
You can verify Spokane Valley Heritage Museum's tax-exempt status using EIN 10602585 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 Spokane Valley Heritage Museum demonstrates consistent financial stability, with assets growing from $202,426 in 2015 to $356,658 in 2023, indicating sound financial management. The organization has maintained a healthy asset base relative to its annual revenue, which has fluctuated but generally trended upwards over the past decade, reaching $153,392 in its latest reported period. While the most recent filing (202312) shows expenses ($84,689) exceeding revenue ($66,352), this appears to be an anomaly in a generally positive trend of revenue exceeding expenses in most prior years, such as 202212 where revenue was $122,994 against expenses of $107,032. The museum's liabilities have consistently been very low, often near zero, which is a strong indicator of financial health and responsible fiscal practices.
The museum's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all filings, suggesting that resources are primarily directed towards its mission rather than executive salaries. This commitment to minimizing administrative overhead is a significant positive. The organization's transparency is excellent, with a clear and consistent filing history available, showing detailed financial breakdowns and a lack of any reported liabilities in its most recent filing. This level of transparency, combined with efficient spending, positions the Spokane Valley Heritage Museum as a well-managed nonprofit.
Overall, the Spokane Valley Heritage Museum exhibits robust financial health, characterized by growing assets, minimal liabilities, and a strong commitment to directing funds towards its programmatic mission. The fluctuation in annual revenue and expenses is typical for smaller nonprofits, but the long-term trends and consistent lack of executive compensation underscore a well-stewarded organization.