Grand Rapids African American Museum And Archives
EIN: 371795036 · Grand Rapids, MI · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $506K |
| Total Expenses | $98K |
| Net Assets | $168K |
Is Grand Rapids African American Museum And Archives Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grand Rapids African American Museum And Archives
Grand Rapids African American Museum And Archives (EIN: 371795036) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code A50. The organization reported total revenue of $506K and total assets of $498K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Rapids African American Museum And Archives's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Rapids African American Museum And Archives is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $98K |
| Surplus / Deficit | +$26K |
| Total Assets | $169K |
| Total Liabilities | $612 |
| Net Assets | $168K |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 20.5 months |
Financial Health Grade: A
In 2023, Grand Rapids African American Museum And Archives reported a surplus of $26K with revenue exceeding expenses, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2023), Grand Rapids African American Museum And Archives's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.0% | +1.4% | +16.9% |
| 2022 | -2.2% | +69.9% | -1.4% |
| 2020 | -46.2% | +49.6% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grand Rapids African American Museum And Archives 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 Grand Rapids African American Museum And Archives 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 surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Grand Rapids African American Museum And Archives
Is Grand Rapids African American Museum And Archives a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Rapids African American Museum And Archives (EIN: 371795036) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grand Rapids African American Museum And Archives spend its money?
Detailed spending breakdown data is not yet available for Grand Rapids African American Museum And Archives. Check back for updated IRS 990 analysis.
Are donations to Grand Rapids African American Museum And Archives tax-deductible?
Grand Rapids African American Museum And Archives is registered as a tax-exempt nonprofit (EIN: 371795036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grand Rapids African American Museum And Archives located?
Grand Rapids African American Museum And Archives is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 371795036. It is classified under NTEE code A50.
How many years of IRS 990 filings does Grand Rapids African American Museum And Archives have?
Grand Rapids African American Museum And Archives has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $506K in total revenue.
Filing History
IRS 990 filing history for Grand Rapids African American Museum And Archives showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), Grand Rapids African American Museum And Archives's revenue has declined by 25.7%, moving from $168K to $124K. Total assets increased by 24.6% over the same period, from $135K to $169K. Total functional expenses rose by 157.8%, from $38K to $98K. In its most recent filing year (2023), Grand Rapids African American Museum And Archives reported a surplus of $26K, with revenue exceeding expenses. The organization holds $612 in liabilities against $169K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124K | $98K | $169K | $612 | — | View 990 |
| 2022 | $88K | $97K | $144K | $781 | — | View 990 |
| 2020 | $90K | $57K | $146K | $0 | — | View 990 |
| 2019 | $168K | $38K | $135K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124K, expenses of $98K, and assets of $169K (revenue +41.0% year-over-year).
- 2022: Revenue of $88K, expenses of $97K, and assets of $144K (revenue -2.2% year-over-year).
- 2020: Revenue of $90K, expenses of $57K, and assets of $146K (revenue -46.2% year-over-year).
- 2019: Revenue of $168K, expenses of $38K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Rapids African American Museum And Archives:
Data Sources and Methodology
This transparency report for Grand Rapids African American Museum And Archives 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.