Forney Museum
EIN: 846037763 · Denver, CO · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.1M |
| Net Assets | $2.7M |
Is Forney Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forney Museum
Forney Museum (EIN: 846037763) is a nonprofit organization based in Denver, CO, classified under NTEE code A50. The organization reported total revenue of $1.9M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forney Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forney Museum is a mid-size nonprofit that has been operating for 62 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $695K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-362,778 |
| Total Assets | $4.2M |
| Total Liabilities | $1.5M |
| Net Assets | $2.7M |
| Operating Margin | -52.2% |
| Debt-to-Asset Ratio | 36.3% |
| Months of Reserves | 47.3 months |
Financial Health Grade: B
In 2023, Forney Museum reported a deficit of $363K with expenses exceeding revenue, holds 47.3 months of operating reserves (strong position), has a debt-to-asset ratio of 36.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Forney Museum's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | -0.8% | -6.5% |
| 2022 | -2.2% | +22.0% | -8.0% |
| 2021 | +59.8% | +14.3% | -1.4% |
| 2020 | -36.6% | -11.9% | -2.3% |
| 2019 | +3.8% | +12.5% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forney 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 Forney 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 $363K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.3%.
Frequently Asked Questions about Forney Museum
Is Forney Museum a legitimate charity?
Forney Museum (EIN: 846037763) is a registered tax-exempt nonprofit based in Colorado. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Forney Museum spend its money?
Forney Museum reported $1.9M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forney Museum tax-deductible?
Forney Museum is registered as a tax-exempt nonprofit (EIN: 846037763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forney Museum located?
Forney Museum is headquartered in Denver, Colorado and files with the IRS under EIN 846037763. It is classified under NTEE code A50.
How many years of IRS 990 filings does Forney Museum have?
Forney Museum has 14 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Forney Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Forney Museum's revenue has grown by 111.7%, moving from $328K to $695K. Total assets decreased by 31.7% over the same period, from $6.1M to $4.2M. Total functional expenses rose by 114.9%, from $492K to $1.1M. In its most recent filing year (2023), Forney Museum reported a deficit of $363K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $4.2M in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $695K | $1.1M | $4.2M | $1.5M | — | — |
| 2022 | $742K | $1.1M | $4.5M | $1.5M | — | View 990 |
| 2021 | $759K | $874K | $4.8M | $1.4M | — | View 990 |
| 2020 | $475K | $765K | $4.9M | $1.4M | — | — |
| 2019 | $749K | $869K | $5.0M | $1.2M | — | View 990 |
| 2018 | $722K | $772K | $5.2M | $1.3M | — | View 990 |
| 2017 | $1.5M | $718K | $4.7M | $774K | — | View 990 |
| 2016 | $1.1M | $657K | $4.2M | $996K | — | View 990 |
| 2015 | $814K | $591K | $8.7M | $1.5M | — | View 990 |
| 2014 | $492K | $677K | $8.6M | $1.5M | — | View 990 |
| 2013 | $450K | $620K | $8.8M | $1.5M | — | View 990 |
| 2012 | $1.1M | $542K | $8.4M | $1.5M | — | View 990 |
| 2011 | $96K | $147K | $6.1M | $1.8M | — | View 990 |
| 2011 | $328K | $492K | $6.1M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $695K, expenses of $1.1M, and assets of $4.2M (revenue -6.3% year-over-year).
- 2022: Revenue of $742K, expenses of $1.1M, and assets of $4.5M (revenue -2.2% year-over-year).
- 2021: Revenue of $759K, expenses of $874K, and assets of $4.8M (revenue +59.8% year-over-year).
- 2020: Revenue of $475K, expenses of $765K, and assets of $4.9M (revenue -36.6% year-over-year).
- 2019: Revenue of $749K, expenses of $869K, and assets of $5.0M (revenue +3.8% year-over-year).
- 2018: Revenue of $722K, expenses of $772K, and assets of $5.2M (revenue -51.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $718K, and assets of $4.7M (revenue +40.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $657K, and assets of $4.2M (revenue +30.2% year-over-year).
- 2015: Revenue of $814K, expenses of $591K, and assets of $8.7M (revenue +65.5% year-over-year).
- 2014: Revenue of $492K, expenses of $677K, and assets of $8.6M (revenue +9.3% year-over-year).
- 2013: Revenue of $450K, expenses of $620K, and assets of $8.8M (revenue -59.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $542K, and assets of $8.4M (revenue +1064.3% year-over-year).
- 2011: Revenue of $96K, expenses of $147K, and assets of $6.1M (revenue -70.6% year-over-year).
- 2011: Revenue of $328K, expenses of $492K, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forney Museum:
Data Sources and Methodology
This transparency report for Forney 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.