History Museum Of Burke County Inc
History Museum Of Burke County Inc shows consistent asset growth and low liabilities, with fluctuating revenue and no executive compensation.
EIN: 134253836 · Morganton, NC · NTEE: A54 · Updated: 2026-03-28
Is History Museum Of Burke County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
History Museum Of Burke County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About History Museum Of Burke County Inc
History Museum Of Burke County Inc (EIN: 134253836) is a nonprofit organization based in Morganton, NC, classified under NTEE code A54. The organization reported total revenue of $628K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of History Museum Of Burke County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
History Museum Of Burke County Inc is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $133K |
| Surplus / Deficit | +$173K |
| Total Assets | $3.0M |
| Total Liabilities | $1K |
| Net Assets | $3.0M |
| Operating Margin | 56.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 274.1 months |
Financial Health Grade: A
In 2022, History Museum Of Burke County Inc reported a surplus of $173K with revenue exceeding expenses, holds 274.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), History Museum Of Burke County Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +19.1% | -6.0% | -11.0% |
| 2021 | +58.2% | +13.8% | +11.9% |
| 2020 | -32.6% | -5.9% | +10.8% |
| 2019 | +153.1% | -71.1% | +4.2% |
| 2018 | -70.4% | +258.1% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 History Museum Of Burke County 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: 90%
- fundraising: 0%
According to IRS 990 filings, History Museum Of Burke County Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $173K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and that all funds are directed towards operational and programmatic expenses.
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 History Museum Of Burke County Inc's IRS 990 filings:
- Significant revenue volatility year-over-year, indicating potential reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for History Museum Of Burke County Inc:
- Consistent asset growth, reaching $4,110,935 in the latest period.
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Very low liabilities across all periods, reflecting strong financial management.
- Generally low and stable operating expenses relative to assets and mission.
Frequently Asked Questions about History Museum Of Burke County Inc
Is History Museum Of Burke County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, History Museum Of Burke County Inc (EIN: 134253836) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does History Museum Of Burke County Inc spend its money?
History Museum Of Burke County Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to History Museum Of Burke County Inc tax-deductible?
History Museum Of Burke County Inc is registered as a tax-exempt nonprofit (EIN: 134253836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is History Museum Of Burke County Inc a good charity?
Based on the provided data, the History Museum Of Burke County Inc appears to be a well-managed charity. It exhibits strong financial health with growing assets ($4,110,935 latest) and very low liabilities. The consistent 0% officer compensation is a significant positive, indicating a strong commitment to its mission and efficient use of funds. While revenue fluctuates, expenses are generally low and stable, suggesting good spending efficiency.
What caused the high expenses in 2018?
In 2018, the organization reported expenses of $456,029, significantly higher than its typical annual expenses which usually range between $100,000 and $140,000. Without further detail from the 990 filing, it's not possible to pinpoint the exact cause, but it could be attributed to a major capital project, a significant one-time program expense, or an asset acquisition.
How stable is their funding?
The organization's revenue has shown considerable fluctuation, ranging from $66,103 in 2015 to $966,016 in 2016. This volatility suggests that their funding may rely on grants, large donations, or specific fundraising campaigns rather than a consistent, diversified income stream. While they have managed expenses well despite this, it indicates potential for year-to-year revenue uncertainty.
What is the organization's asset growth trend?
The organization has demonstrated a consistent upward trend in assets, growing from $1,897,049 in 2013 to $4,110,935 in the latest period. This steady growth, even during periods of lower revenue, indicates effective financial management and potentially successful investment or capital accumulation strategies.
Filing History
IRS 990 filing history for History Museum Of Burke County Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), History Museum Of Burke County Inc's revenue has grown by 72.7%, moving from $177K to $306K. Total assets increased by 85.5% over the same period, from $1.6M to $3.0M. Total functional expenses rose by 31.8%, from $101K to $133K. In its most recent filing year (2022), History Museum Of Burke County Inc reported a surplus of $173K, with revenue exceeding expenses. The organization holds $1K in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $306K | $133K | $3.0M | $1K | — | View 990 |
| 2021 | $257K | $141K | $3.4M | $7K | — | View 990 |
| 2020 | $162K | $124K | $3.0M | $919 | — | — |
| 2019 | $241K | $132K | $2.7M | $4K | — | View 990 |
| 2018 | $95K | $456K | $2.6M | $1K | — | View 990 |
| 2017 | $321K | $127K | $3.0M | $254 | — | View 990 |
| 2016 | $966K | $112K | $2.8M | $374 | — | View 990 |
| 2015 | $66K | $92K | $1.9M | $1K | — | View 990 |
| 2014 | $160K | $88K | $2.0M | $70 | — | View 990 |
| 2013 | $278K | $103K | $1.9M | $436 | — | View 990 |
| 2012 | $193K | $103K | $1.7M | $570 | — | View 990 |
| 2011 | $177K | $101K | $1.6M | $954 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $306K, expenses of $133K, and assets of $3.0M (revenue +19.1% year-over-year).
- 2021: Revenue of $257K, expenses of $141K, and assets of $3.4M (revenue +58.2% year-over-year).
- 2020: Revenue of $162K, expenses of $124K, and assets of $3.0M (revenue -32.6% year-over-year).
- 2019: Revenue of $241K, expenses of $132K, and assets of $2.7M (revenue +153.1% year-over-year).
- 2018: Revenue of $95K, expenses of $456K, and assets of $2.6M (revenue -70.4% year-over-year).
- 2017: Revenue of $321K, expenses of $127K, and assets of $3.0M (revenue -66.8% year-over-year).
- 2016: Revenue of $966K, expenses of $112K, and assets of $2.8M (revenue +1361.4% year-over-year).
- 2015: Revenue of $66K, expenses of $92K, and assets of $1.9M (revenue -58.8% year-over-year).
- 2014: Revenue of $160K, expenses of $88K, and assets of $2.0M (revenue -42.4% year-over-year).
- 2013: Revenue of $278K, expenses of $103K, and assets of $1.9M (revenue +44.0% year-over-year).
- 2012: Revenue of $193K, expenses of $103K, and assets of $1.7M (revenue +9.1% year-over-year).
- 2011: Revenue of $177K, expenses of $101K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for History Museum Of Burke County Inc:
Data Sources and Methodology
This transparency report for History Museum Of Burke County 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.