500 Museum Of Wheels Inc
500 Museum Of Wheels Inc maintains substantial assets despite highly volatile revenue and consistent expenses.
EIN: 205209830 · Terre Haute, IN · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $128K |
| Program Spending | 75% |
| Net Assets | $1.5M |
| Transparency Score | 70/100 |
Is 500 Museum Of Wheels Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
500 Museum Of Wheels Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 500 Museum Of Wheels Inc
500 Museum Of Wheels Inc (EIN: 205209830) is a nonprofit organization based in Terre Haute, IN, classified under NTEE code A54. The organization reported total revenue of $95K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 500 Museum Of Wheels Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
500 Museum Of Wheels Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $128K |
| Surplus / Deficit | +$59K |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | 31.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 143.1 months |
Financial Health Grade: A
In 2023, 500 Museum Of Wheels Inc reported a surplus of $59K with revenue exceeding expenses, holds 143.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), 500 Museum Of Wheels Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +246.2% | +130.0% | +4.1% |
| 2022 | +2983.8% | -53.0% | -4.4% |
| 2021 | -94.5% | +110.0% | -13.5% |
| 2019 | -727.2% | -26.1% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 500 Museum Of Wheels Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, 500 Museum Of Wheels Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly favorable for directing funds to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 500 Museum Of Wheels Inc's IRS 990 filings:
- Highly volatile revenue streams, including a negative revenue year in 2019, which could impact long-term sustainability.
- Significant decline in assets from $2,155,962 in 2016 to $1,527,841 in 2023, representing a decrease of over $600,000.
Strengths
The following positive indicators were identified for 500 Museum Of Wheels Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds to the mission.
- Maintains substantial assets (over $1.5 million in recent years), providing a financial cushion.
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency and compliance.
- Generally low liabilities, often reported as $0 or $1, indicating good debt management.
Frequently Asked Questions about 500 Museum Of Wheels Inc
Is 500 Museum Of Wheels Inc a legitimate charity?
500 Museum Of Wheels Inc (EIN: 205209830) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $95K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does 500 Museum Of Wheels Inc spend its money?
500 Museum Of Wheels Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to 500 Museum Of Wheels Inc tax-deductible?
500 Museum Of Wheels Inc is registered as a tax-exempt nonprofit (EIN: 205209830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 500 Museum Of Wheels Inc's spending goes to programs?
500 Museum Of Wheels Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 500 Museum Of Wheels Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), 500 Museum Of Wheels Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 500 Museum Of Wheels Inc located?
500 Museum Of Wheels Inc is headquartered in Terre Haute, Indiana and files with the IRS under EIN 205209830. It is classified under NTEE code A54.
How many years of IRS 990 filings does 500 Museum Of Wheels Inc have?
500 Museum Of Wheels Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $95K in total revenue.
Is 500 Museum Of Wheels Inc a good charity?
Based on the available data, the organization demonstrates good financial stewardship with substantial assets and no reported officer compensation. However, the highly volatile revenue streams could pose sustainability challenges. A deeper understanding of program impact and detailed expense allocation would provide a more complete picture.
Why is the revenue so inconsistent?
The revenue for 500 Museum Of Wheels Inc has fluctuated significantly, from a negative $253,595 in 2019 to $187,600 in 2023. This could be due to reliance on large, infrequent donations, grants, or specific events, or even accounting adjustments for asset sales or investment losses in certain years.
How does the organization fund its operations with such low revenue in some years?
Despite low revenue in some years (e.g., $1,757 in 2021), the organization has consistently maintained substantial assets, exceeding $1.4 million. It likely draws upon these reserves or relies on prior year surpluses to cover its relatively stable expenses, which ranged from $34,988 to $128,122.
What caused the negative revenue in 2019?
The negative revenue of $-253,595 in 2019 is unusual for a nonprofit. This could indicate significant investment losses, a major asset write-down, or a return of funds. Without more detailed financial statements, the exact cause cannot be determined from the summary data.
Filing History
IRS 990 filing history for 500 Museum Of Wheels Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), 500 Museum Of Wheels Inc's revenue has grown by 83.1%, moving from $102K to $188K. Total assets decreased by 23.9% over the same period, from $2.0M to $1.5M. Total functional expenses rose by 266.2%, from $35K to $128K. In its most recent filing year (2023), 500 Museum Of Wheels Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $128K | $1.5M | $1 | — | View 990 |
| 2022 | $54K | $56K | $1.5M | $1 | — | View 990 |
| 2021 | $2K | $118K | $1.5M | $66K | — | — |
| 2020 | $32K | $56K | $1.8M | $0 | — | View 990 |
| 2019 | $-253,595 | $55K | $1.8M | $22K | — | View 990 |
| 2016 | $40K | $74K | $2.2M | $0 | — | View 990 |
| 2015 | $65K | $61K | $2.1M | $0 | — | View 990 |
| 2014 | $45K | $55K | $2.1M | $0 | — | View 990 |
| 2013 | $98K | $42K | $2.1M | $0 | — | View 990 |
| 2012 | $102K | $35K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $128K, and assets of $1.5M (revenue +246.2% year-over-year).
- 2022: Revenue of $54K, expenses of $56K, and assets of $1.5M (revenue +2983.8% year-over-year).
- 2021: Revenue of $2K, expenses of $118K, and assets of $1.5M (revenue -94.5% year-over-year).
- 2020: Revenue of $32K, expenses of $56K, and assets of $1.8M.
- 2019: Revenue of $-253,595, expenses of $55K, and assets of $1.8M (revenue -727.2% year-over-year).
- 2016: Revenue of $40K, expenses of $74K, and assets of $2.2M (revenue -38.1% year-over-year).
- 2015: Revenue of $65K, expenses of $61K, and assets of $2.1M (revenue +44.6% year-over-year).
- 2014: Revenue of $45K, expenses of $55K, and assets of $2.1M (revenue -54.1% year-over-year).
- 2013: Revenue of $98K, expenses of $42K, and assets of $2.1M (revenue -4.0% year-over-year).
- 2012: Revenue of $102K, expenses of $35K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 500 Museum Of Wheels Inc:
Data Sources and Methodology
This transparency report for 500 Museum Of Wheels Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.