Antique Car Museum Of Iowa
Antique Car Museum Of Iowa maintains strong asset growth and zero liabilities with volunteer leadership.
EIN: 203418734 · Iowa City, IA · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $30K |
| Program Spending | 90% |
| Net Assets | $413K |
| Transparency Score | 95/100 |
Is Antique Car Museum Of Iowa Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Antique Car Museum Of Iowa directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Antique Car Museum Of Iowa
Antique Car Museum Of Iowa (EIN: 203418734) is a nonprofit organization based in Iowa City, IA, classified under NTEE code A50. The organization reported total revenue of $39K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Antique Car Museum Of Iowa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Antique Car Museum Of Iowa is a micro nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $30K |
| Surplus / Deficit | +$9K |
| Total Assets | $413K |
| Net Assets | $413K |
| Operating Margin | 23.0% |
| Months of Reserves | 167.8 months |
Financial Health Grade: A
In 2023, Antique Car Museum Of Iowa reported a surplus of $9K with revenue exceeding expenses, holds 167.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2023), Antique Car Museum Of Iowa's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.9% | -26.9% | +2.2% |
| 2022 | -93.1% | -4.5% | +10.0% |
| 2021 | +3255.5% | +134.0% | +396.8% |
| 2012 | -48.5% | +25.6% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Antique Car Museum Of Iowa with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Antique Car Museum Of Iowa allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Antique Car Museum Of Iowa:
- Consistent asset growth from $67,309 in 2011 to $413,480 currently.
- Zero reported liabilities across all available filings, indicating strong financial health.
- 0% officer compensation reported, suggesting volunteer leadership and efficient use of funds.
- Relatively low and stable expenses compared to revenue, demonstrating operational efficiency.
- Strong program focus, with all expenses likely directed towards museum operations and preservation.
Frequently Asked Questions about Antique Car Museum Of Iowa
Is Antique Car Museum Of Iowa a legitimate charity?
Based on AI analysis of IRS 990 filings, Antique Car Museum Of Iowa (EIN: 203418734) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Antique Car Museum Of Iowa spend its money?
Antique Car Museum Of Iowa directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Antique Car Museum Of Iowa tax-deductible?
Antique Car Museum Of Iowa is registered as a tax-exempt nonprofit (EIN: 203418734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Antique Car Museum Of Iowa compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Antique Car Museum Of Iowa is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Antique Car Museum Of Iowa located?
Antique Car Museum Of Iowa is headquartered in Iowa City, Iowa and files with the IRS under EIN 203418734. It is classified under NTEE code A50.
How many years of IRS 990 filings does Antique Car Museum Of Iowa have?
Antique Car Museum Of Iowa has 5 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 $39K in total revenue.
Is the Antique Car Museum Of Iowa financially stable?
Yes, the museum demonstrates strong financial stability with consistently growing assets, reaching $413,480, and zero reported liabilities across all filings.
How does the museum's spending efficiency compare to other nonprofits?
With expenses consistently low relative to revenue and assets, and 0% officer compensation, the museum appears highly efficient in its operations, directing resources effectively towards its mission.
What caused the large revenue spike in 2021?
The IRS 990 data shows a significant revenue increase to $829,054 in 2021. While the specific source isn't detailed in this summary, it likely represents a major donation, grant, or a highly successful fundraising event that year.
Filing History
IRS 990 filing history for Antique Car Museum Of Iowa showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Antique Car Museum Of Iowa's revenue has declined by 20%, moving from $48K to $38K. Total assets increased by 513.6% over the same period, from $67K to $413K. Total functional expenses rose by 105.3%, from $14K to $30K. In its most recent filing year (2023), Antique Car Museum Of Iowa reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $30K | $413K | $0 | — | — |
| 2022 | $57K | $40K | $404K | $0 | — | View 990 |
| 2021 | $829K | $42K | $367K | $0 | — | — |
| 2012 | $25K | $18K | $74K | $0 | — | View 990 |
| 2011 | $48K | $14K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $30K, and assets of $413K (revenue -32.9% year-over-year).
- 2022: Revenue of $57K, expenses of $40K, and assets of $404K (revenue -93.1% year-over-year).
- 2021: Revenue of $829K, expenses of $42K, and assets of $367K (revenue +3255.5% year-over-year).
- 2012: Revenue of $25K, expenses of $18K, and assets of $74K (revenue -48.5% year-over-year).
- 2011: Revenue of $48K, expenses of $14K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Antique Car Museum Of Iowa:
Data Sources and Methodology
This transparency report for Antique Car Museum Of Iowa 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.