Quick charity verification for Steamboat Art Museum (EIN: 203867662)
Verdict: Steamboat Art Museum appears trustworthy
92/100Mission Score
$1.3MRevenue
$1.7MAssets
1Red Flags
4Strengths
Red Flags
No reported officer compensation, which could indicate compensation is paid through a related entity or not reported, or that leadership is entirely volunteer, which is unusual for an organization of this scale.
Strengths
Consistent and significant asset growth, from $264,813 in 2014 to $1,728,615 in 2023.
Very low liabilities relative to assets, indicating strong financial stability (e.g., $40,619 liabilities vs. $1,728,615 assets in 2023).
No reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
Generally positive net income in most years, demonstrating sound financial management (e.g., $643,237 revenue vs. $506,082 expenses in 2022).
Spending Breakdown
How Steamboat Art Museum allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Steamboat Art Museum
Is Steamboat Art Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Steamboat Art Museum (EIN: 203867662) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Steamboat Art Museum a good charity to donate to?
Steamboat Art Museum has a Mission Score of 92/100. Revenue: $1.3M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steamboat Art Museum?
The Employer Identification Number (EIN) for Steamboat Art Museum is 203867662. 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 Steamboat Art Museum spend its money?
Steamboat Art Museum allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steamboat Art Museum's tax-exempt status?
You can verify Steamboat Art Museum's tax-exempt status using EIN 203867662 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 Steamboat Art Museum demonstrates consistent financial health and a strong commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has shown steady growth in both revenue and assets, with total assets reaching $1,728,615 in 2023. While revenue in 2023 ($522,030) was slightly lower than the previous year ($643,237 in 2022), the museum has generally maintained a positive net income, indicating sound financial management. The organization's liabilities remain low, at $40,619 in 2023, which is a healthy indicator of financial stability.
The museum's spending efficiency appears robust, with no reported officer compensation across all available filings, suggesting that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. This practice enhances the organization's ability to maximize its impact. The consistent growth in assets, from $264,813 in 2014 to over $1.7 million in 2023, further underscores effective financial stewardship and long-term sustainability.
Transparency is high, given the consistent filing of IRS Form 990s and the absence of reported officer compensation, which simplifies the analysis of how funds are allocated. The organization's financial trajectory suggests a well-managed entity focused on its artistic and cultural mission within the Steamboat Springs community.