Friends Of The Southwest Virginia Museum Historical State Park
Friends Of The Southwest Virginia Museum Historical State Park consistently generates significant surpluses, growing assets to nearly $1 million with zero officer compensation.
EIN: 142003671 · Big Stone Gap, VA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $90K |
| Program Spending | 90% |
| Net Assets | $963K |
| Transparency Score | 95/100 |
Is Friends Of The Southwest Virginia Museum Historical State Park Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Southwest Virginia Museum Historical State Park directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Southwest Virginia Museum Historical State Park
Friends Of The Southwest Virginia Museum Historical State Park (EIN: 142003671) is a nonprofit organization based in Big Stone Gap, VA, classified under NTEE code T30. The organization reported total revenue of $310K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Southwest Virginia Museum Historical State Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Southwest Virginia Museum Historical State Park is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $90K |
| Surplus / Deficit | +$222K |
| Total Assets | $963K |
| Net Assets | $963K |
| Operating Margin | 71.1% |
| Months of Reserves | 128.0 months |
Financial Health Grade: A
In 2023, Friends Of The Southwest Virginia Museum Historical State Park reported a surplus of $222K with revenue exceeding expenses, holds 128.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Southwest Virginia Museum Historical State Park's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +27.0% | +30.0% |
| 2022 | +3902.8% | +192.8% | +48.3% |
| 2021 | -95.6% | -3.7% | -3.2% |
| 2020 | -34.2% | -45.5% | +1.7% |
| 2019 | +162.0% | +62.8% | +254.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Southwest Virginia Museum Historical State Park with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friends Of The Southwest Virginia Museum Historical State Park allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $222K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends Of The Southwest Virginia Museum Historical State Park:
- Strong financial growth with assets increasing from $12,928 in 2014 to $962,603 in 2023.
- Consistent generation of significant revenue surpluses (e.g., $312,159 revenue vs. $90,241 expenses in 2023).
- Zero officer compensation reported across all filings, indicating highly efficient use of funds.
- Minimal to no liabilities in recent years, demonstrating strong financial health.
- Consistent and transparent IRS 990 filing history (13 filings).
Frequently Asked Questions about Friends Of The Southwest Virginia Museum Historical State Park
Is Friends Of The Southwest Virginia Museum Historical State Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Southwest Virginia Museum Historical State Park (EIN: 142003671) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Friends Of The Southwest Virginia Museum Historical State Park spend its money?
Friends Of The Southwest Virginia Museum Historical State Park directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Southwest Virginia Museum Historical State Park tax-deductible?
Friends Of The Southwest Virginia Museum Historical State Park is registered as a tax-exempt nonprofit (EIN: 142003671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of The Southwest Virginia Museum Historical State Park compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of The Southwest Virginia Museum Historical State Park is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Southwest Virginia Museum Historical State Park located?
Friends Of The Southwest Virginia Museum Historical State Park is headquartered in Big Stone Gap, Virginia and files with the IRS under EIN 142003671. It is classified under NTEE code T30.
How many years of IRS 990 filings does Friends Of The Southwest Virginia Museum Historical State Park have?
Friends Of The Southwest Virginia Museum Historical State Park 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 $310K in total revenue.
Is Friends Of The Southwest Virginia Museum Historical State Park a good charity?
Based on its financial data, Friends Of The Southwest Virginia Museum Historical State Park appears to be a very good charity. It consistently generates significant surpluses, has a rapidly growing asset base (from $12,928 in 2014 to $962,603 in 2023), and reports 0% officer compensation, indicating highly efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $45,060 in 2014 to $312,159 in 2023, and assets have increased dramatically from $12,928 to $962,603 in the same period, demonstrating strong financial growth and stability.
What is the organization's spending efficiency?
The organization exhibits high spending efficiency. For example, in 2023, expenses were $90,241 against revenue of $312,159, meaning a large portion of revenue is retained or directed towards program activities. The consistent reporting of 0% officer compensation further highlights its efficiency.
Does the organization have any liabilities?
For most recent periods, the organization reports $0 in liabilities (2023, 2022, 2021, 2020, 2018, 2017, 2016, 2015, 2014). There was a notable liability of $142,500 in 2019, but this appears to have been resolved, indicating sound financial management.
How does the organization fund its operations?
The organization primarily funds its operations through revenue generation that significantly exceeds its expenses. For instance, in 2023, revenue was $312,159 while expenses were only $90,241, allowing for substantial asset growth and funding of its mission.
Filing History
IRS 990 filing history for Friends Of The Southwest Virginia Museum Historical State Park showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Southwest Virginia Museum Historical State Park's revenue has grown by 730.7%, moving from $38K to $312K. Total assets increased by 4162.1% over the same period, from $23K to $963K. Total functional expenses rose by 228.9%, from $27K to $90K. In its most recent filing year (2023), Friends Of The Southwest Virginia Museum Historical State Park reported a surplus of $222K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $90K | $963K | $0 | — | — |
| 2022 | $312K | $71K | $741K | $0 | — | View 990 |
| 2021 | $8K | $24K | $500K | $0 | — | View 990 |
| 2020 | $176K | $25K | $516K | $0 | — | — |
| 2019 | $268K | $46K | $507K | $143K | — | View 990 |
| 2018 | $102K | $28K | $143K | $0 | — | View 990 |
| 2017 | $64K | $31K | $69K | $0 | — | View 990 |
| 2016 | $40K | $33K | $36K | $0 | — | View 990 |
| 2015 | $46K | $30K | $30K | $0 | — | View 990 |
| 2014 | $45K | $34K | $13K | $0 | — | View 990 |
| 2013 | $21K | $45K | $1K | $0 | — | View 990 |
| 2012 | $40K | $37K | $25K | $0 | — | View 990 |
| 2011 | $38K | $27K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $90K, and assets of $963K (revenue +-0.0% year-over-year).
- 2022: Revenue of $312K, expenses of $71K, and assets of $741K (revenue +3902.8% year-over-year).
- 2021: Revenue of $8K, expenses of $24K, and assets of $500K (revenue -95.6% year-over-year).
- 2020: Revenue of $176K, expenses of $25K, and assets of $516K (revenue -34.2% year-over-year).
- 2019: Revenue of $268K, expenses of $46K, and assets of $507K (revenue +162.0% year-over-year).
- 2018: Revenue of $102K, expenses of $28K, and assets of $143K (revenue +60.5% year-over-year).
- 2017: Revenue of $64K, expenses of $31K, and assets of $69K (revenue +61.4% year-over-year).
- 2016: Revenue of $40K, expenses of $33K, and assets of $36K (revenue -14.7% year-over-year).
- 2015: Revenue of $46K, expenses of $30K, and assets of $30K (revenue +2.8% year-over-year).
- 2014: Revenue of $45K, expenses of $34K, and assets of $13K (revenue +116.8% year-over-year).
- 2013: Revenue of $21K, expenses of $45K, and assets of $1K (revenue -47.6% year-over-year).
- 2012: Revenue of $40K, expenses of $37K, and assets of $25K (revenue +5.6% year-over-year).
- 2011: Revenue of $38K, expenses of $27K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Southwest Virginia Museum Historical State Park:
Data Sources and Methodology
This transparency report for Friends Of The Southwest Virginia Museum Historical State Park 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.