Banneker Douglass Museum Foundation Inc
EIN: 521095665 · Annapolis, MD
| Metric | Value |
|---|---|
| Total Revenue | $180K |
| Total Expenses | $163K |
| Net Assets | $75K |
Is Banneker Douglass Museum Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Banneker Douglass Museum Foundation Inc
Banneker Douglass Museum Foundation Inc (EIN: 521095665) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $180K and total assets of $128K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Banneker Douglass Museum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Banneker Douglass Museum Foundation Inc is a small nonprofit that has been operating for 49 years, with 8 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 37.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $163K |
| Surplus / Deficit | +$14K |
| Total Assets | $75K |
| Total Liabilities | $1 |
| Net Assets | $75K |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2022, Banneker Douglass Museum Foundation Inc reported a surplus of $14K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2022), Banneker Douglass Museum Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +259.5% | +382.0% | +68.4% |
| 2021 | -28.8% | -32.0% | +53.2% |
| 2020 | +38.0% | +116.1% | -27.4% |
| 2019 | +1171.2% | +476.8% | +0.4% |
| 2015 | -45.2% | -75.5% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Banneker Douglass Museum Foundation Inc 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 Banneker Douglass Museum Foundation Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Banneker Douglass Museum Foundation Inc
Is Banneker Douglass Museum Foundation Inc a legitimate charity?
Banneker Douglass Museum Foundation Inc (EIN: 521095665) is a registered tax-exempt nonprofit based in Maryland. It has 8 years of IRS 990 filings on record. Total revenue: $180K. No red flags identified. Financial health grade: A.
How does Banneker Douglass Museum Foundation Inc spend its money?
Banneker Douglass Museum Foundation Inc reported $180K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Banneker Douglass Museum Foundation Inc tax-deductible?
Banneker Douglass Museum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 521095665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Banneker Douglass Museum Foundation Inc located?
Banneker Douglass Museum Foundation Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 521095665.
How many years of IRS 990 filings does Banneker Douglass Museum Foundation Inc have?
Banneker Douglass Museum Foundation Inc has 8 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 $180K in total revenue.
Filing History
IRS 990 filing history for Banneker Douglass Museum Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2022), Banneker Douglass Museum Foundation Inc's revenue has grown by 3136.9%, moving from $5K to $178K. Total assets increased by 108.3% over the same period, from $36K to $75K. Total functional expenses rose by 3557.8%, from $4K to $163K. In its most recent filing year (2022), Banneker Douglass Museum Foundation Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $1 in liabilities against $75K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $75K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $178K | $163K | $75K | $1 | — | View 990 |
| 2021 | $49K | $34K | $45K | $1 | — | View 990 |
| 2020 | $69K | $50K | $29K | $1 | — | — |
| 2019 | $50K | $23K | $40K | $1 | — | View 990 |
| 2015 | $4K | $4K | $40K | $0 | — | View 990 |
| 2014 | $7K | $16K | $41K | $0 | — | View 990 |
| 2012 | $5K | $4K | $40K | $0 | — | — |
| 2011 | $5K | $4K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $178K, expenses of $163K, and assets of $75K (revenue +259.5% year-over-year).
- 2021: Revenue of $49K, expenses of $34K, and assets of $45K (revenue -28.8% year-over-year).
- 2020: Revenue of $69K, expenses of $50K, and assets of $29K (revenue +38.0% year-over-year).
- 2019: Revenue of $50K, expenses of $23K, and assets of $40K (revenue +1171.2% year-over-year).
- 2015: Revenue of $4K, expenses of $4K, and assets of $40K (revenue -45.2% year-over-year).
- 2014: Revenue of $7K, expenses of $16K, and assets of $41K (revenue +52.3% year-over-year).
- 2012: Revenue of $5K, expenses of $4K, and assets of $40K (revenue -13.5% year-over-year).
- 2011: Revenue of $5K, expenses of $4K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Banneker Douglass Museum Foundation Inc:
Data Sources and Methodology
This transparency report for Banneker Douglass Museum Foundation 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.