Iron County Historical And Museum Society
EIN: 381941922 · Caspian, MI · NTEE: A82Z
| Metric | Value |
|---|---|
| Total Revenue | $199K |
| Total Expenses | $187K |
| Net Assets | $605K |
Is Iron County Historical And Museum Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iron County Historical And Museum Society
Iron County Historical And Museum Society (EIN: 381941922) is a nonprofit organization based in Caspian, MI, classified under NTEE code A82Z. The organization reported total revenue of $199K and total assets of $567K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iron County Historical And Museum Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iron County Historical And Museum Society is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $177K |
| Total Expenses | $187K |
| Surplus / Deficit | $-9,457 |
| Total Assets | $605K |
| Total Liabilities | $293 |
| Net Assets | $605K |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.9 months |
Financial Health Grade: B
In 2023, Iron County Historical And Museum Society reported a deficit of $9K with expenses exceeding revenue, holds 38.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iron County Historical And Museum Society's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -19.1% | +0.7% |
| 2022 | +21.9% | +42.5% | -5.0% |
| 2021 | +11.4% | +25.9% | -1.3% |
| 2020 | -17.8% | -11.0% | +5.3% |
| 2019 | +26.3% | +15.4% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iron County Historical And Museum Society 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 Iron County Historical And Museum Society 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Iron County Historical And Museum Society
Is Iron County Historical And Museum Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Iron County Historical And Museum Society (EIN: 381941922) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iron County Historical And Museum Society spend its money?
Detailed spending breakdown data is not yet available for Iron County Historical And Museum Society. Check back for updated IRS 990 analysis.
Are donations to Iron County Historical And Museum Society tax-deductible?
Iron County Historical And Museum Society is registered as a tax-exempt nonprofit (EIN: 381941922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iron County Historical And Museum Society located?
Iron County Historical And Museum Society is headquartered in Caspian, Michigan and files with the IRS under EIN 381941922. It is classified under NTEE code A82Z.
How many years of IRS 990 filings does Iron County Historical And Museum Society have?
Iron County Historical And Museum Society 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 $199K in total revenue.
Filing History
IRS 990 filing history for Iron County Historical And Museum Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iron County Historical And Museum Society's revenue has grown by 4.3%, moving from $170K to $177K. Total assets increased by 12.1% over the same period, from $540K to $605K. Total functional expenses rose by 23.7%, from $151K to $187K. In its most recent filing year (2023), Iron County Historical And Museum Society reported a deficit of $9K, with expenses exceeding revenue. The organization holds $293 in liabilities against $605K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $605K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $177K | $187K | $605K | $293 | — | — |
| 2022 | $202K | $231K | $601K | $124 | — | View 990 |
| 2021 | $166K | $162K | $633K | $3K | — | View 990 |
| 2020 | $149K | $129K | $641K | $15K | — | — |
| 2019 | $181K | $145K | $609K | $2K | — | — |
| 2018 | $143K | $125K | $573K | $3K | — | View 990 |
| 2017 | $125K | $146K | $554K | $2K | — | View 990 |
| 2016 | $133K | $219K | $596K | $23K | — | View 990 |
| 2015 | $116K | $160K | $664K | $4K | — | View 990 |
| 2014 | $323K | $240K | $708K | $5K | — | View 990 |
| 2013 | $191K | $135K | $624K | $4K | — | View 990 |
| 2012 | $169K | $169K | $548K | $0 | — | View 990 |
| 2011 | $170K | $151K | $540K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $177K, expenses of $187K, and assets of $605K (revenue -12.2% year-over-year).
- 2022: Revenue of $202K, expenses of $231K, and assets of $601K (revenue +21.9% year-over-year).
- 2021: Revenue of $166K, expenses of $162K, and assets of $633K (revenue +11.4% year-over-year).
- 2020: Revenue of $149K, expenses of $129K, and assets of $641K (revenue -17.8% year-over-year).
- 2019: Revenue of $181K, expenses of $145K, and assets of $609K (revenue +26.3% year-over-year).
- 2018: Revenue of $143K, expenses of $125K, and assets of $573K (revenue +14.3% year-over-year).
- 2017: Revenue of $125K, expenses of $146K, and assets of $554K (revenue -5.6% year-over-year).
- 2016: Revenue of $133K, expenses of $219K, and assets of $596K (revenue +14.0% year-over-year).
- 2015: Revenue of $116K, expenses of $160K, and assets of $664K (revenue -64.0% year-over-year).
- 2014: Revenue of $323K, expenses of $240K, and assets of $708K (revenue +69.6% year-over-year).
- 2013: Revenue of $191K, expenses of $135K, and assets of $624K (revenue +12.6% year-over-year).
- 2012: Revenue of $169K, expenses of $169K, and assets of $548K (revenue -0.4% year-over-year).
- 2011: Revenue of $170K, expenses of $151K, and assets of $540K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iron County Historical And Museum Society:
Data Sources and Methodology
This transparency report for Iron County Historical And Museum Society 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.