Georgia Museums Inc
Georgia Museums Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 201234015 · Cartersville, GA · NTEE: A50 · Updated: 2026-03-28
Is Georgia Museums Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgia Museums Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgia Museums Inc
Georgia Museums Inc (EIN: 201234015) is a nonprofit organization based in Cartersville, GA, classified under NTEE code A50. The organization reported total revenue of $15.5M and total assets of $61.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgia Museums Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Georgia Museums Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Georgia Museums Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Georgia Museums Inc. reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size ($15.88 million revenue, $55.18 million assets) and suggests a strong commitment to directing funds towards its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Georgia Museums Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents precise program efficiency calculation.
Strengths
The following positive indicators were identified for Georgia Museums Inc:
- Consistent and significant revenue growth, from $6.94M in 2014 to $15.88M in 2023.
- Strong asset accumulation, growing from $21.35M in 2014 to $55.18M in 2023.
- Healthy surplus generation, with revenue consistently exceeding expenses (e.g., $15.88M revenue vs. $7.85M expenses in 2023).
- 0% reported officer compensation across all filings, indicating a highly efficient or volunteer-led executive structure.
- Low liabilities relative to assets, suggesting good financial management and solvency (e.g., $1.08M liabilities vs. $55.18M assets in 2023).
Frequently Asked Questions about Georgia Museums Inc
Is Georgia Museums Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgia Museums Inc (EIN: 201234015) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Georgia Museums Inc spend its money?
Georgia Museums Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgia Museums Inc tax-deductible?
Georgia Museums Inc is registered as a tax-exempt nonprofit (EIN: 201234015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Georgia Museums Inc. financially stable?
Yes, Georgia Museums Inc. is financially stable. Its assets have grown from $21.35 million in 2014 to $55.18 million in 2023, and it consistently generates more revenue than expenses, with a $8.03 million surplus in the latest filing (202306).
How has Georgia Museums Inc.'s revenue changed over time?
Georgia Museums Inc. has shown significant revenue growth, increasing from $6.94 million in 2014 to $15.88 million in 2023, with a notable jump in the last two fiscal periods.
Does Georgia Museums Inc. pay its officers?
Based on the provided IRS 990 data, Georgia Museums Inc. reports 0% officer compensation for all available filing periods, suggesting no direct compensation to its officers.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, more than doubling from $21.35 million in 2014 to $55.18 million in 2023, indicating significant financial growth and investment in its mission.
Filing History
IRS 990 filing history for Georgia Museums Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Georgia Museums Inc's revenue has grown by 299.3%, moving from $4.0M to $15.9M. Total assets increased by 544.8% over the same period, from $8.6M to $55.2M. Total functional expenses rose by 116.3%, from $3.6M to $7.9M. In its most recent filing year (2023), Georgia Museums Inc reported a surplus of $8.0M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $55.2M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $54.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.9M | $7.9M | $55.2M | $1.1M | — | View 990 |
| 2022 | $10.8M | $8.1M | $47.3M | $989K | — | View 990 |
| 2021 | $10.4M | $3.6M | $43.8M | $1.9M | — | View 990 |
| 2020 | $5.9M | $3.8M | $34.5M | $1.7M | — | View 990 |
| 2019 | $6.9M | $5.1M | $30.7M | $801K | — | View 990 |
| 2018 | $7.2M | $5.2M | $28.5M | $632K | — | View 990 |
| 2017 | $6.5M | $4.7M | $26.2M | $680K | — | View 990 |
| 2016 | $4.5M | $4.5M | $24.0M | $670K | — | View 990 |
| 2015 | $6.9M | $4.4M | $24.1M | $810K | — | View 990 |
| 2014 | $6.9M | $3.8M | $21.4M | $659K | — | View 990 |
| 2013 | $5.6M | $4.0M | $18.0M | $622K | — | View 990 |
| 2012 | $11.4M | $3.9M | $16.1M | $457K | — | View 990 |
| 2011 | $4.0M | $3.6M | $8.6M | $418K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.9M, expenses of $7.9M, and assets of $55.2M (revenue +46.8% year-over-year).
- 2022: Revenue of $10.8M, expenses of $8.1M, and assets of $47.3M (revenue +4.4% year-over-year).
- 2021: Revenue of $10.4M, expenses of $3.6M, and assets of $43.8M (revenue +74.8% year-over-year).
- 2020: Revenue of $5.9M, expenses of $3.8M, and assets of $34.5M (revenue -14.3% year-over-year).
- 2019: Revenue of $6.9M, expenses of $5.1M, and assets of $30.7M (revenue -4.5% year-over-year).
- 2018: Revenue of $7.2M, expenses of $5.2M, and assets of $28.5M (revenue +11.8% year-over-year).
- 2017: Revenue of $6.5M, expenses of $4.7M, and assets of $26.2M (revenue +43.5% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.5M, and assets of $24.0M (revenue -35.0% year-over-year).
- 2015: Revenue of $6.9M, expenses of $4.4M, and assets of $24.1M (revenue +0.1% year-over-year).
- 2014: Revenue of $6.9M, expenses of $3.8M, and assets of $21.4M (revenue +23.3% year-over-year).
- 2013: Revenue of $5.6M, expenses of $4.0M, and assets of $18.0M (revenue -50.7% year-over-year).
- 2012: Revenue of $11.4M, expenses of $3.9M, and assets of $16.1M (revenue +186.9% year-over-year).
- 2011: Revenue of $4.0M, expenses of $3.6M, and assets of $8.6M.
Data Sources and Methodology
This transparency report for Georgia Museums 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.