Heritage Museum Of The Knights Inc
Heritage Museum Of The Knights Inc maintains positive net income and no liabilities on modest revenue.
EIN: 203536043 · Strawberry Pt, IA · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $3K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $8,163 |
| Net Assets | $35K |
| Transparency Score | 85/100 |
Is Heritage Museum Of The Knights Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heritage Museum Of The Knights Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heritage Museum Of The Knights Inc
Heritage Museum Of The Knights Inc (EIN: 203536043) is a nonprofit organization based in Strawberry Pt, IA, classified under NTEE code A54. The organization reported total revenue of $16K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heritage Museum Of The Knights Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heritage Museum Of The Knights Inc is a micro nonprofit that has been operating for 2 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $3K |
| Surplus / Deficit | +$5K |
| Total Assets | $35K |
| Total Liabilities | $1 |
| Net Assets | $35K |
| Operating Margin | 61.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.9 months |
Financial Health Grade: A
In 2023, Heritage Museum Of The Knights Inc reported a surplus of $5K with revenue exceeding expenses, holds 133.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Heritage Museum Of The Knights Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Heritage Museum Of The Knights Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation was reported as 0% in the 202312 filing, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for an organization of this size with $8,163 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.
Strengths
The following positive indicators were identified for Heritage Museum Of The Knights Inc:
- Positive net income: Revenue ($8,163) significantly exceeded expenses ($3,167) in the 202312 period.
- No liabilities: The organization reported $0 in liabilities, indicating strong financial health and no debt burden.
- No officer compensation: The 0% officer compensation reported suggests a volunteer-driven leadership, maximizing funds for the mission.
- Asset growth: Assets increased from $35,336 in 202312 to $37,183 in the latest available data, indicating financial growth.
Frequently Asked Questions about Heritage Museum Of The Knights Inc
Is Heritage Museum Of The Knights Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heritage Museum Of The Knights Inc (EIN: 203536043) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Heritage Museum Of The Knights Inc spend its money?
Heritage Museum Of The Knights Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heritage Museum Of The Knights Inc tax-deductible?
Heritage Museum Of The Knights Inc is registered as a tax-exempt nonprofit (EIN: 203536043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heritage Museum Of The Knights Inc CEO make?
Heritage Museum Of The Knights Inc's highest-compensated officer earns $8,163 annually. The organization reported $16K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heritage Museum Of The Knights Inc's spending goes to programs?
Heritage Museum Of The Knights Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heritage Museum Of The Knights Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heritage Museum Of The Knights Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heritage Museum Of The Knights Inc located?
Heritage Museum Of The Knights Inc is headquartered in Strawberry Pt, Iowa and files with the IRS under EIN 203536043. It is classified under NTEE code A54.
Is Heritage Museum Of The Knights Inc a good charity?
Based on its financial filings, Heritage Museum Of The Knights Inc appears to be a well-managed small charity. It operates with a positive net income, no liabilities, and no reported officer compensation, suggesting efficient use of its modest resources.
How does the organization manage its expenses?
In the 202312 period, the organization's expenses were $3,167 against revenues of $8,163, indicating a lean operational structure. The absence of officer compensation suggests a high degree of volunteer involvement, contributing to low overhead.
What is the financial stability of Heritage Museum Of The Knights Inc?
The organization shows good financial stability for its size, with assets of $35,336 and no reported liabilities in its latest filing. It also consistently generates more revenue than expenses, contributing to asset growth.
Filing History
IRS 990 filing history for Heritage Museum Of The Knights Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Heritage Museum Of The Knights Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $35K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $3K | $35K | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heritage Museum Of The Knights Inc:
Data Sources and Methodology
This transparency report for Heritage Museum Of The Knights 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.