Fargo Air Museum
EIN: 450451637 · Fargo, ND · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $981K |
| Total Expenses | $925K |
| Net Assets | $3.0M |
Is Fargo Air Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fargo Air Museum
Fargo Air Museum (EIN: 450451637) is a nonprofit organization based in Fargo, ND, classified under NTEE code A50. The organization reported total revenue of $981K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fargo Air Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fargo Air Museum is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $833K |
| Total Expenses | $925K |
| Surplus / Deficit | $-91,915 |
| Total Assets | $3.3M |
| Total Liabilities | $361K |
| Net Assets | $3.0M |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 43.3 months |
Financial Health Grade: B
In 2023, Fargo Air Museum reported a deficit of $92K with expenses exceeding revenue, holds 43.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fargo Air Museum's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.1% | +5.6% | -2.1% |
| 2022 | -11.2% | +8.5% | -14.2% |
| 2021 | +32.7% | +46.3% | -1.2% |
| 2020 | -25.1% | -27.2% | -0.9% |
| 2019 | +8.1% | -1.1% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fargo Air Museum 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 Fargo Air Museum 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 $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.8%.
Frequently Asked Questions about Fargo Air Museum
Is Fargo Air Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Fargo Air Museum (EIN: 450451637) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fargo Air Museum spend its money?
Detailed spending breakdown data is not yet available for Fargo Air Museum. Check back for updated IRS 990 analysis.
Are donations to Fargo Air Museum tax-deductible?
Fargo Air Museum is registered as a tax-exempt nonprofit (EIN: 450451637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fargo Air Museum located?
Fargo Air Museum is headquartered in Fargo, North Dakota and files with the IRS under EIN 450451637. It is classified under NTEE code A50.
How many years of IRS 990 filings does Fargo Air Museum have?
Fargo Air Museum 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 $981K in total revenue.
Filing History
IRS 990 filing history for Fargo Air Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fargo Air Museum's revenue has grown by 119.5%, moving from $380K to $833K. Total assets increased by 45% over the same period, from $2.3M to $3.3M. Total functional expenses rose by 201%, from $307K to $925K. In its most recent filing year (2023), Fargo Air Museum reported a deficit of $92K, with expenses exceeding revenue. The organization holds $361K in liabilities against $3.3M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $833K | $925K | $3.3M | $361K | — | View 990 |
| 2022 | $700K | $876K | $3.4M | $341K | — | View 990 |
| 2021 | $788K | $808K | $4.0M | $417K | — | View 990 |
| 2020 | $593K | $552K | $4.0M | $443K | — | — |
| 2019 | $792K | $759K | $4.1M | $427K | — | View 990 |
| 2018 | $733K | $767K | $4.0M | $439K | — | View 990 |
| 2017 | $661K | $690K | $3.6M | $1K | — | View 990 |
| 2016 | $568K | $682K | $3.7M | $8K | — | View 990 |
| 2015 | $885K | $682K | $3.8M | $15K | — | View 990 |
| 2014 | $748K | $489K | $3.6M | $10K | — | View 990 |
| 2013 | $960K | $399K | $3.7M | $431K | — | View 990 |
| 2012 | $801K | $324K | $2.8M | $19K | — | View 990 |
| 2011 | $380K | $307K | $2.3M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $833K, expenses of $925K, and assets of $3.3M (revenue +19.1% year-over-year).
- 2022: Revenue of $700K, expenses of $876K, and assets of $3.4M (revenue -11.2% year-over-year).
- 2021: Revenue of $788K, expenses of $808K, and assets of $4.0M (revenue +32.7% year-over-year).
- 2020: Revenue of $593K, expenses of $552K, and assets of $4.0M (revenue -25.1% year-over-year).
- 2019: Revenue of $792K, expenses of $759K, and assets of $4.1M (revenue +8.1% year-over-year).
- 2018: Revenue of $733K, expenses of $767K, and assets of $4.0M (revenue +11.0% year-over-year).
- 2017: Revenue of $661K, expenses of $690K, and assets of $3.6M (revenue +16.3% year-over-year).
- 2016: Revenue of $568K, expenses of $682K, and assets of $3.7M (revenue -35.8% year-over-year).
- 2015: Revenue of $885K, expenses of $682K, and assets of $3.8M (revenue +18.3% year-over-year).
- 2014: Revenue of $748K, expenses of $489K, and assets of $3.6M (revenue -22.1% year-over-year).
- 2013: Revenue of $960K, expenses of $399K, and assets of $3.7M (revenue +19.9% year-over-year).
- 2012: Revenue of $801K, expenses of $324K, and assets of $2.8M (revenue +110.9% year-over-year).
- 2011: Revenue of $380K, expenses of $307K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fargo Air Museum:
Data Sources and Methodology
This transparency report for Fargo Air Museum 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.