Fort Worth Modern Art Museum Assoc
EIN: 752307639 · Fort Worth, TX · NTEE: A115
Is Fort Worth Modern Art Museum Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fort Worth Modern Art Museum Assoc
Fort Worth Modern Art Museum Assoc (EIN: 752307639) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code A115. The organization reported total revenue of $4.4M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Worth Modern Art Museum Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Worth Modern Art Museum Assoc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $120K |
| Surplus / Deficit | $-30,198 |
| Total Assets | $479K |
| Total Liabilities | $18K |
| Net Assets | $461K |
| Operating Margin | -33.6% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 47.8 months |
Financial Health Grade: B
In 2023, Fort Worth Modern Art Museum Assoc reported a deficit of $30K with expenses exceeding revenue, holds 47.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fort Worth Modern Art Museum Assoc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | +1.0% | -5.7% |
| 2022 | -10.3% | -8.5% | -2.7% |
| 2021 | +23.2% | +17.1% | -2.4% |
| 2020 | -20.8% | -29.1% | -2.9% |
| 2019 | +50.0% | +28.8% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fort Worth Modern Art Museum Assoc 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 Fort Worth Modern Art Museum Assoc 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Frequently Asked Questions about Fort Worth Modern Art Museum Assoc
Is Fort Worth Modern Art Museum Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Worth Modern Art Museum Assoc (EIN: 752307639) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fort Worth Modern Art Museum Assoc spend its money?
Detailed spending breakdown data is not yet available for Fort Worth Modern Art Museum Assoc. Check back for updated IRS 990 analysis.
Are donations to Fort Worth Modern Art Museum Assoc tax-deductible?
Fort Worth Modern Art Museum Assoc is registered as a tax-exempt nonprofit (EIN: 752307639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Fort Worth Modern Art Museum Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fort Worth Modern Art Museum Assoc's revenue has grown by 80%, moving from $50K to $90K. Total assets decreased by 27.2% over the same period, from $657K to $479K. Total functional expenses rose by 11.9%, from $107K to $120K. In its most recent filing year (2023), Fort Worth Modern Art Museum Assoc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $18K in liabilities against $479K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $120K | $479K | $18K | — | View 990 |
| 2022 | $105K | $119K | $508K | $17K | — | View 990 |
| 2021 | $117K | $130K | $522K | $17K | — | — |
| 2020 | $95K | $111K | $535K | $17K | — | View 990 |
| 2019 | $120K | $156K | $551K | $17K | — | View 990 |
| 2018 | $80K | $122K | $588K | $18K | — | View 990 |
| 2017 | $80K | $127K | $630K | $18K | — | View 990 |
| 2016 | $123K | $116K | $675K | $17K | — | View 990 |
| 2015 | $80K | $121K | $668K | $16K | — | View 990 |
| 2014 | $199K | $187K | $708K | $16K | — | View 990 |
| 2013 | $172K | $116K | $696K | $16K | — | View 990 |
| 2012 | $90K | $108K | $640K | $16K | — | View 990 |
| 2011 | $50K | $107K | $657K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $120K, and assets of $479K (revenue -14.3% year-over-year).
- 2022: Revenue of $105K, expenses of $119K, and assets of $508K (revenue -10.3% year-over-year).
- 2021: Revenue of $117K, expenses of $130K, and assets of $522K (revenue +23.2% year-over-year).
- 2020: Revenue of $95K, expenses of $111K, and assets of $535K (revenue -20.8% year-over-year).
- 2019: Revenue of $120K, expenses of $156K, and assets of $551K (revenue +50.0% year-over-year).
- 2018: Revenue of $80K, expenses of $122K, and assets of $588K (revenue +0.0% year-over-year).
- 2017: Revenue of $80K, expenses of $127K, and assets of $630K (revenue -35.0% year-over-year).
- 2016: Revenue of $123K, expenses of $116K, and assets of $675K (revenue +53.3% year-over-year).
- 2015: Revenue of $80K, expenses of $121K, and assets of $668K (revenue -59.7% year-over-year).
- 2014: Revenue of $199K, expenses of $187K, and assets of $708K (revenue +16.0% year-over-year).
- 2013: Revenue of $172K, expenses of $116K, and assets of $696K (revenue +90.6% year-over-year).
- 2012: Revenue of $90K, expenses of $108K, and assets of $640K (revenue +80.0% year-over-year).
- 2011: Revenue of $50K, expenses of $107K, and assets of $657K.
Data Sources and Methodology
This transparency report for Fort Worth Modern Art Museum Assoc 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.