Grand Rapids Public Museum
Grand Rapids Public Museum shows strong asset growth and zero reported officer compensation.
EIN: 205071420 · Grand Rapids, MI · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $9.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $21.8M |
| Transparency Score | 85/100 |
Is Grand Rapids Public Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grand Rapids Public Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Rapids Public Museum
Grand Rapids Public Museum (EIN: 205071420) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code A50. The organization reported total revenue of $11.4M and total assets of $27.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Rapids Public Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Rapids Public Museum is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.6M |
| Total Expenses | $9.3M |
| Surplus / Deficit | +$11.3M |
| Total Assets | $23.2M |
| Total Liabilities | $1.4M |
| Net Assets | $21.8M |
| Operating Margin | 54.8% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2023, Grand Rapids Public Museum reported a surplus of $11.3M with revenue exceeding expenses, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grand Rapids Public Museum's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.3% | +2.8% | +96.7% |
| 2022 | +28.0% | +21.4% | +20.2% |
| 2021 | -5.3% | -1.6% | +6.4% |
| 2020 | +1.9% | -2.9% | +14.2% |
| 2019 | +1.3% | +5.7% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Grand Rapids Public Museum with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Grand Rapids Public Museum allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $11.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
The Grand Rapids Public Museum consistently reports 0% officer compensation across all provided filings, suggesting that key executives are either volunteers or compensated through mechanisms not classified as officer compensation on the 990, which is highly unusual for an organization of its size with over $20 million in revenue.
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 Grand Rapids Public Museum's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Grand Rapids Public Museum:
- Significant and consistent revenue growth, with revenue increasing from $6,245,501 in 2014 to $20,611,936 in 2023.
- Strong asset accumulation, growing from $3,569,982 in 2014 to $27,113,284 currently, indicating robust financial stability.
- Consistent positive net income (revenue exceeding expenses) in most filing periods, demonstrating sound financial management.
- Low liabilities relative to assets, with liabilities of $1,351,384 against assets of $23,162,635 in 2023, suggesting good financial leverage.
Frequently Asked Questions about Grand Rapids Public Museum
Is Grand Rapids Public Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Rapids Public Museum (EIN: 205071420) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Grand Rapids Public Museum spend its money?
Grand Rapids Public Museum directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grand Rapids Public Museum tax-deductible?
Grand Rapids Public Museum is registered as a tax-exempt nonprofit (EIN: 205071420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grand Rapids Public Museum CEO make?
Grand Rapids Public Museum's highest-compensated officer earns $20 annually. The organization reported $11.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Grand Rapids Public Museum's spending goes to programs?
Grand Rapids Public Museum directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grand Rapids Public Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Grand Rapids Public Museum is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grand Rapids Public Museum located?
Grand Rapids Public Museum is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 205071420. It is classified under NTEE code A50.
How many years of IRS 990 filings does Grand Rapids Public Museum have?
Grand Rapids Public Museum 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 $11.4M in total revenue.
Is the Grand Rapids Public Museum a good charity?
Based on its strong financial growth, significant asset accumulation, and consistent reporting of 0% officer compensation, the Grand Rapids Public Museum appears to be a well-managed organization. Its ability to generate substantial revenue and maintain a healthy asset base suggests long-term sustainability.
How has the organization's financial health changed over time?
The organization has shown remarkable financial growth, with revenue increasing from $6,245,501 in 2014 to $20,611,936 in 2023, and assets growing from $3,569,982 to $27,113,284 over the same period. This indicates a strong upward trajectory in financial health.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation is unusual for an organization of this scale. It could mean that executive leadership is entirely volunteer-based, or that compensation is structured in a way that it's not reported under 'officer compensation' on the 990, which warrants further investigation for full transparency.
Filing History
IRS 990 filing history for Grand Rapids Public Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grand Rapids Public Museum's revenue has grown by 198.5%, moving from $6.9M to $20.6M. Total assets increased by 1037.2% over the same period, from $2.0M to $23.2M. Total functional expenses rose by 38.5%, from $6.7M to $9.3M. In its most recent filing year (2023), Grand Rapids Public Museum reported a surplus of $11.3M, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $23.2M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $21.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.6M | $9.3M | $23.2M | $1.4M | — | — |
| 2022 | $10.5M | $9.1M | $11.8M | $1.3M | — | View 990 |
| 2021 | $8.2M | $7.5M | $9.8M | $734K | — | View 990 |
| 2020 | $8.7M | $7.6M | $9.2M | $891K | — | View 990 |
| 2019 | $8.5M | $7.8M | $8.1M | $829K | — | View 990 |
| 2018 | $8.4M | $7.4M | $7.5M | $984K | — | View 990 |
| 2017 | $9.9M | $7.2M | $6.8M | $1.2M | — | View 990 |
| 2016 | $7.8M | $6.8M | $4.1M | $1.4M | — | View 990 |
| 2015 | $6.7M | $6.8M | $3.4M | $1.5M | — | View 990 |
| 2014 | $6.2M | $6.1M | $3.6M | $1.9M | — | View 990 |
| 2013 | $5.3M | $5.7M | $1.6M | $528K | — | View 990 |
| 2012 | $5.3M | $5.7M | $1.4M | $376K | — | View 990 |
| 2011 | $6.9M | $6.7M | $2.0M | $545K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.6M, expenses of $9.3M, and assets of $23.2M (revenue +96.3% year-over-year).
- 2022: Revenue of $10.5M, expenses of $9.1M, and assets of $11.8M (revenue +28.0% year-over-year).
- 2021: Revenue of $8.2M, expenses of $7.5M, and assets of $9.8M (revenue -5.3% year-over-year).
- 2020: Revenue of $8.7M, expenses of $7.6M, and assets of $9.2M (revenue +1.9% year-over-year).
- 2019: Revenue of $8.5M, expenses of $7.8M, and assets of $8.1M (revenue +1.3% year-over-year).
- 2018: Revenue of $8.4M, expenses of $7.4M, and assets of $7.5M (revenue -15.1% year-over-year).
- 2017: Revenue of $9.9M, expenses of $7.2M, and assets of $6.8M (revenue +27.6% year-over-year).
- 2016: Revenue of $7.8M, expenses of $6.8M, and assets of $4.1M (revenue +16.5% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.8M, and assets of $3.4M (revenue +6.5% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.1M, and assets of $3.6M (revenue +16.9% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.7M, and assets of $1.6M (revenue +1.6% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.7M, and assets of $1.4M (revenue -23.8% year-over-year).
- 2011: Revenue of $6.9M, expenses of $6.7M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Rapids Public Museum:
Data Sources and Methodology
This transparency report for Grand Rapids Public 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.