Association Of Midwest Museums
EIN: 371050610 · Fishers, IN · NTEE: A50C
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $255K |
| Net Assets | $-5,119 |
Is Association Of Midwest Museums Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Association Of Midwest Museums
Association Of Midwest Museums (EIN: 371050610) is a nonprofit organization based in Fishers, IN, classified under NTEE code A50C. The organization reported total revenue of $260K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Midwest Museums's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Association Of Midwest Museums is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $255K |
| Surplus / Deficit | $-48,207 |
| Total Assets | $3K |
| Total Liabilities | $8K |
| Net Assets | $-5,119 |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 293.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Association Of Midwest Museums reported a deficit of $48K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 293.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Association Of Midwest Museums's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | +9.4% | -93.8% |
| 2022 | -23.9% | -24.0% | +1.8% |
| 2021 | +140.0% | +102.5% | +2.1% |
| 2020 | -51.3% | -37.2% | -35.9% |
| 2019 | -13.1% | -15.2% | +52.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Association Of Midwest Museums has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Association Of Midwest Museums with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 293.0%.
Frequently Asked Questions about Association Of Midwest Museums
Is Association Of Midwest Museums a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Midwest Museums (EIN: 371050610) insufficient data. 0 red flags identified, 0 strengths noted.
How does Association Of Midwest Museums spend its money?
Detailed spending breakdown data is not yet available for Association Of Midwest Museums. Check back for updated IRS 990 analysis.
Are donations to Association Of Midwest Museums tax-deductible?
Association Of Midwest Museums is registered as a tax-exempt nonprofit (EIN: 371050610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Association Of Midwest Museums located?
Association Of Midwest Museums is headquartered in Fishers, Indiana and files with the IRS under EIN 371050610. It is classified under NTEE code A50C.
How many years of IRS 990 filings does Association Of Midwest Museums have?
Association Of Midwest Museums has 13 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 $260K in total revenue.
Filing History
IRS 990 filing history for Association Of Midwest Museums showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association Of Midwest Museums's revenue has declined by 46.4%, moving from $385K to $207K. Total assets decreased by 98.9% over the same period, from $245K to $3K. Total functional expenses fell by 20%, from $319K to $255K. In its most recent filing year (2023), Association Of Midwest Museums reported a deficit of $48K, with expenses exceeding revenue. The organization holds $8K in liabilities against $3K in assets (debt-to-asset ratio: 293.0%), resulting in net assets of $-5,119.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $255K | $3K | $8K | — | View 990 |
| 2022 | $234K | $233K | $43K | $0 | — | — |
| 2021 | $307K | $306K | $42K | $0 | — | View 990 |
| 2020 | $128K | $151K | $41K | $0 | — | View 990 |
| 2019 | $263K | $241K | $65K | $0 | — | View 990 |
| 2018 | $303K | $284K | $43K | $0 | — | View 990 |
| 2017 | $183K | $214K | $43K | $20K | — | View 990 |
| 2016 | $241K | $269K | $73K | $18K | — | View 990 |
| 2015 | $129K | $204K | $104K | $21K | — | View 990 |
| 2014 | $165K | $203K | $182K | $24K | — | View 990 |
| 2013 | $170K | $174K | $206K | $12K | — | View 990 |
| 2012 | $231K | $246K | $225K | $0 | — | View 990 |
| 2011 | $385K | $319K | $245K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $255K, and assets of $3K (revenue -11.6% year-over-year).
- 2022: Revenue of $234K, expenses of $233K, and assets of $43K (revenue -23.9% year-over-year).
- 2021: Revenue of $307K, expenses of $306K, and assets of $42K (revenue +140.0% year-over-year).
- 2020: Revenue of $128K, expenses of $151K, and assets of $41K (revenue -51.3% year-over-year).
- 2019: Revenue of $263K, expenses of $241K, and assets of $65K (revenue -13.1% year-over-year).
- 2018: Revenue of $303K, expenses of $284K, and assets of $43K (revenue +65.7% year-over-year).
- 2017: Revenue of $183K, expenses of $214K, and assets of $43K (revenue -24.2% year-over-year).
- 2016: Revenue of $241K, expenses of $269K, and assets of $73K (revenue +86.6% year-over-year).
- 2015: Revenue of $129K, expenses of $204K, and assets of $104K (revenue -21.6% year-over-year).
- 2014: Revenue of $165K, expenses of $203K, and assets of $182K (revenue -3.3% year-over-year).
- 2013: Revenue of $170K, expenses of $174K, and assets of $206K (revenue -26.2% year-over-year).
- 2012: Revenue of $231K, expenses of $246K, and assets of $225K (revenue -40.1% year-over-year).
- 2011: Revenue of $385K, expenses of $319K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Association Of Midwest Museums:
Data Sources and Methodology
This transparency report for Association Of Midwest Museums 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.