Handweaving Museum And Arts Center
Handweaving Museum And Arts Center consistently operates with no reported officer compensation and stable finances.
EIN: 161181668 · Clayton, NY · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $376K |
| Program Spending | 85% |
| Net Assets | $639K |
| Transparency Score | 90/100 |
Is Handweaving Museum And Arts Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Handweaving Museum And Arts Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Handweaving Museum And Arts Center
Handweaving Museum And Arts Center (EIN: 161181668) is a nonprofit organization based in Clayton, NY, classified under NTEE code A400. The organization reported total revenue of $3.3M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Handweaving Museum And Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Handweaving Museum And Arts Center is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $414K |
| Total Expenses | $376K |
| Surplus / Deficit | +$38K |
| Total Assets | $662K |
| Total Liabilities | $23K |
| Net Assets | $639K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2023, Handweaving Museum And Arts Center reported a surplus of $38K with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Handweaving Museum And Arts Center's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +12.9% | +7.3% |
| 2022 | -5.3% | +0.1% | -3.3% |
| 2021 | +15.2% | +15.3% | +1.2% |
| 2020 | +17.5% | -10.5% | +8.0% |
| 2019 | -18.9% | -5.5% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Handweaving Museum And Arts Center 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, Handweaving Museum And Arts Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
The Handweaving Museum And Arts Center consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for a small to medium-sized organization.
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 Handweaving Museum And Arts Center:
- Consistent reporting of 0% officer compensation, indicating high efficiency or volunteer leadership.
- Stable financial health with assets growing from $554,953 in 2014 to $661,895 in 2023.
- Revenues consistently exceeding expenses in most recent years, allowing for asset accumulation.
- Low liabilities relative to assets, indicating strong financial stability.
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
Frequently Asked Questions about Handweaving Museum And Arts Center
Is Handweaving Museum And Arts Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Handweaving Museum And Arts Center (EIN: 161181668) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Handweaving Museum And Arts Center spend its money?
Handweaving Museum And Arts Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Handweaving Museum And Arts Center tax-deductible?
Handweaving Museum And Arts Center is registered as a tax-exempt nonprofit (EIN: 161181668). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Handweaving Museum And Arts Center's spending goes to programs?
Handweaving Museum And Arts Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Handweaving Museum And Arts Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Handweaving Museum And Arts Center is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Handweaving Museum And Arts Center located?
Handweaving Museum And Arts Center is headquartered in Clayton, New York and files with the IRS under EIN 161181668. It is classified under NTEE code A400.
How many years of IRS 990 filings does Handweaving Museum And Arts Center have?
Handweaving Museum And Arts Center 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 $3.3M in total revenue.
Is Handweaving Museum And Arts Center a good charity?
Based on its consistent financial health, 0% reported officer compensation, and stable asset growth, the Handweaving Museum And Arts Center appears to be a well-managed and efficient charity.
How does the organization manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership (officers, directors, trustees) are either volunteers or are compensated through other roles not classified as 'officer compensation' on the Form 990, which is a strong indicator of dedication and resource efficiency.
What is the trend in the organization's financial health?
The organization shows a stable to slightly growing financial trend, with assets increasing from $554,953 in 2014 to $661,895 in 2023, and revenues generally exceeding expenses, indicating prudent financial management.
Filing History
IRS 990 filing history for Handweaving Museum And Arts Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Handweaving Museum And Arts Center's revenue has grown by 41.8%, moving from $292K to $414K. Total assets increased by 5% over the same period, from $630K to $662K. Total functional expenses rose by 33.8%, from $281K to $376K. In its most recent filing year (2023), Handweaving Museum And Arts Center reported a surplus of $38K, with revenue exceeding expenses. The organization holds $23K in liabilities against $662K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $414K | $376K | $662K | $23K | — | — |
| 2022 | $351K | $333K | $617K | $20K | — | View 990 |
| 2021 | $371K | $333K | $638K | $18K | — | View 990 |
| 2020 | $322K | $289K | $631K | $36K | — | View 990 |
| 2019 | $274K | $323K | $584K | $31K | — | View 990 |
| 2018 | $338K | $341K | $600K | $23K | — | View 990 |
| 2017 | $368K | $346K | $621K | $14K | — | View 990 |
| 2016 | $366K | $334K | $591K | $13K | — | View 990 |
| 2015 | $328K | $327K | $570K | $30K | — | View 990 |
| 2014 | $266K | $275K | $555K | $12K | — | View 990 |
| 2013 | $229K | $240K | $562K | $8K | — | View 990 |
| 2012 | $232K | $259K | $575K | $9K | — | View 990 |
| 2011 | $292K | $281K | $630K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $414K, expenses of $376K, and assets of $662K (revenue +17.9% year-over-year).
- 2022: Revenue of $351K, expenses of $333K, and assets of $617K (revenue -5.3% year-over-year).
- 2021: Revenue of $371K, expenses of $333K, and assets of $638K (revenue +15.2% year-over-year).
- 2020: Revenue of $322K, expenses of $289K, and assets of $631K (revenue +17.5% year-over-year).
- 2019: Revenue of $274K, expenses of $323K, and assets of $584K (revenue -18.9% year-over-year).
- 2018: Revenue of $338K, expenses of $341K, and assets of $600K (revenue -8.1% year-over-year).
- 2017: Revenue of $368K, expenses of $346K, and assets of $621K (revenue +0.5% year-over-year).
- 2016: Revenue of $366K, expenses of $334K, and assets of $591K (revenue +11.8% year-over-year).
- 2015: Revenue of $328K, expenses of $327K, and assets of $570K (revenue +23.1% year-over-year).
- 2014: Revenue of $266K, expenses of $275K, and assets of $555K (revenue +16.4% year-over-year).
- 2013: Revenue of $229K, expenses of $240K, and assets of $562K (revenue -1.3% year-over-year).
- 2012: Revenue of $232K, expenses of $259K, and assets of $575K (revenue -20.6% year-over-year).
- 2011: Revenue of $292K, expenses of $281K, and assets of $630K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Handweaving Museum And Arts Center:
Data Sources and Methodology
This transparency report for Handweaving Museum And Arts Center 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.