Quick charity verification for Tippah County Historical Museum Inc (EIN: 20626985)
Verdict: Tippah County Historical Museum Inc appears trustworthy
90/100Mission Score
$66KRevenue
$82KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent IRS 990 filing history (13 filings) demonstrating transparency.
0% reported officer compensation across all periods, indicating efficient use of funds.
Significant increase in assets from $15,906 in 202212 to $44,875 in 202312, showing improved financial health.
Low liabilities, with $579 in 202312, indicating good financial management.
Positive net income in the latest filing period (202312), with revenue of $61,282 exceeding expenses of $32,164.
Spending Breakdown
How Tippah County Historical Museum Inc 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 Tippah County Historical Museum Inc
Is Tippah County Historical Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tippah County Historical Museum Inc (EIN: 20626985) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Tippah County Historical Museum Inc a good charity to donate to?
Tippah County Historical Museum Inc has a Mission Score of 90/100. Revenue: $66K. Assets: $82K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tippah County Historical Museum Inc?
The Employer Identification Number (EIN) for Tippah County Historical Museum Inc is 20626985. 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 Tippah County Historical Museum Inc spend its money?
Tippah County Historical Museum Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tippah County Historical Museum Inc's tax-exempt status?
You can verify Tippah County Historical Museum Inc's tax-exempt status using EIN 20626985 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
Tippah County Historical Museum Inc. demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization has shown a positive trend in revenue and assets in its most recent filing (202312), with revenue at $61,282 and assets at $44,875, indicating a period of growth and improved financial stability compared to previous years. Expenses have remained relatively stable, suggesting efficient operations. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and the reported 0% officer compensation across all periods, which indicates that leadership is likely volunteer-based or compensated minimally, aligning with a lean operational model.
Spending efficiency appears strong, particularly given the absence of reported officer compensation, which minimizes administrative overhead. While a detailed breakdown of program versus administrative and fundraising expenses isn't explicitly provided in the summary data, the overall expense levels relative to revenue suggest that the majority of funds are likely directed towards the museum's operational costs and historical preservation efforts. The organization's ability to increase its assets significantly from $15,906 in 202212 to $44,875 in 202312, while keeping liabilities low, further underscores its sound financial management and capacity to build reserves for future sustainability.