Kit Carson Home & Museum Inc
Kit Carson Home & Museum Inc. shows fluctuating financial performance with recent deficits but no executive compensation.
EIN: 202211854 · Taos, NM · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $181K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $89,639 |
| Net Assets | $73K |
| Transparency Score | 85/100 |
Is Kit Carson Home & Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kit Carson Home & Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kit Carson Home & Museum Inc
Kit Carson Home & Museum Inc (EIN: 202211854) is a nonprofit organization based in Taos, NM, classified under NTEE code A54. The organization reported total revenue of $182K and total assets of $146K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kit Carson Home & Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kit Carson Home & Museum Inc is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $181K |
| Surplus / Deficit | $-31,571 |
| Total Assets | $146K |
| Total Liabilities | $72K |
| Net Assets | $73K |
| Operating Margin | -21.1% |
| Debt-to-Asset Ratio | 49.7% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2018, Kit Carson Home & Museum Inc reported a deficit of $32K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.7% (moderate leverage).
Financial Trends
Over 8 years of filings (2011–2018), Kit Carson Home & Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +16.3% | -11.8% | -20.4% |
| 2017 | -36.9% | +28.2% | -29.9% |
| 2016 | -1.6% | +15.7% | +18.2% |
| 2015 | +45.0% | -0.4% | +40.2% |
| 2014 | +34.6% | +11.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Kit Carson Home & Museum 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kit Carson Home & Museum Inc 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with revenues ranging from $89,639 to $207,451.
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 Kit Carson Home & Museum Inc's IRS 990 filings:
- Recent operating deficits (e.g., 2018 expenses of $181,271 exceeded revenue of $149,700)
- Declining asset base from $261,266 in 2016 to $145,779 in 2018
Strengths
The following positive indicators were identified for Kit Carson Home & Museum Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay
- Consistent filing history (8 filings) demonstrating transparency and stability
- Decreasing trend in liabilities over the past several years, from $101,472 in 2011 to $72,401 in 2018
Frequently Asked Questions about Kit Carson Home & Museum Inc
Is Kit Carson Home & Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kit Carson Home & Museum Inc (EIN: 202211854) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Kit Carson Home & Museum Inc spend its money?
Kit Carson Home & Museum Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kit Carson Home & Museum Inc tax-deductible?
Kit Carson Home & Museum Inc is registered as a tax-exempt nonprofit (EIN: 202211854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kit Carson Home & Museum Inc CEO make?
Kit Carson Home & Museum Inc's highest-compensated officer earns $89,639 annually. The organization reported $182K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kit Carson Home & Museum Inc's spending goes to programs?
Kit Carson Home & Museum Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kit Carson Home & Museum Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kit Carson Home & Museum 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 Kit Carson Home & Museum Inc located?
Kit Carson Home & Museum Inc is headquartered in Taos, New Mexico and files with the IRS under EIN 202211854. It is classified under NTEE code A54.
How many years of IRS 990 filings does Kit Carson Home & Museum Inc have?
Kit Carson Home & Museum Inc has 8 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 $182K in total revenue.
Is Kit Carson Home & Museum Inc. a good charity?
Based on the available data, the charity demonstrates strong program focus due to 0% officer compensation and a consistent operational history. While it has experienced some recent financial deficits (e.g., 2018 expenses of $181,271 vs. revenue of $149,700), its commitment to mission over executive pay is a significant positive indicator.
How has the organization's financial health changed over time?
The organization's financial health has fluctuated. It experienced surpluses in 2015 and 2016, but deficits in 2017 and 2018. Assets have decreased from a high of $261,266 in 2016 to $145,779 in 2018, while liabilities have shown a positive trend of reduction.
What is the trend in the organization's liabilities?
Liabilities have generally decreased over the filing periods, from $101,472 in 2011 to $72,401 in 2018, indicating improved financial management in this area.
Filing History
IRS 990 filing history for Kit Carson Home & Museum Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Kit Carson Home & Museum Inc's revenue has grown by 67%, moving from $90K to $150K. Total assets decreased by 23.5% over the same period, from $191K to $146K. Total functional expenses rose by 42.2%, from $128K to $181K. In its most recent filing year (2018), Kit Carson Home & Museum Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $72K in liabilities against $146K in assets (debt-to-asset ratio: 49.7%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $150K | $181K | $146K | $72K | — | View 990 |
| 2017 | $129K | $206K | $183K | $77K | — | View 990 |
| 2016 | $204K | $160K | $261K | $80K | — | View 990 |
| 2015 | $207K | $139K | $221K | $83K | — | View 990 |
| 2014 | $143K | $139K | $158K | $88K | — | View 990 |
| 2013 | $106K | $125K | $154K | $89K | — | View 990 |
| 2012 | $123K | $129K | $177K | $94K | — | View 990 |
| 2011 | $90K | $128K | $191K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $150K, expenses of $181K, and assets of $146K (revenue +16.3% year-over-year).
- 2017: Revenue of $129K, expenses of $206K, and assets of $183K (revenue -36.9% year-over-year).
- 2016: Revenue of $204K, expenses of $160K, and assets of $261K (revenue -1.6% year-over-year).
- 2015: Revenue of $207K, expenses of $139K, and assets of $221K (revenue +45.0% year-over-year).
- 2014: Revenue of $143K, expenses of $139K, and assets of $158K (revenue +34.6% year-over-year).
- 2013: Revenue of $106K, expenses of $125K, and assets of $154K (revenue -13.4% year-over-year).
- 2012: Revenue of $123K, expenses of $129K, and assets of $177K (revenue +36.9% year-over-year).
- 2011: Revenue of $90K, expenses of $128K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kit Carson Home & Museum Inc:
Data Sources and Methodology
This transparency report for Kit Carson Home & Museum 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.