Louisiana Discovery Museum Inc
Louisiana Discovery Museum Inc. maintains stable finances with growing assets and no reported executive compensation.
EIN: 205251359 · Hammond, LA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $277K |
| Total Expenses | $263K |
| Program Spending | 85% |
| Net Assets | $343K |
| Transparency Score | 90/100 |
Is Louisiana Discovery Museum Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louisiana Discovery Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louisiana Discovery Museum Inc
Louisiana Discovery Museum Inc (EIN: 205251359) is a nonprofit organization based in Hammond, LA, classified under NTEE code A80. The organization reported total revenue of $277K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisiana Discovery Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisiana Discovery Museum Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $263K |
| Surplus / Deficit | +$44K |
| Total Assets | $349K |
| Total Liabilities | $6K |
| Net Assets | $343K |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 15.9 months |
Financial Health Grade: A
In 2023, Louisiana Discovery Museum Inc reported a surplus of $44K with revenue exceeding expenses, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Louisiana Discovery Museum Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +6.4% | +15.9% |
| 2022 | -1.4% | +16.5% | +25.4% |
| 2021 | +33.3% | -4.3% | -11.0% |
| 2020 | -33.8% | -28.2% | +109.8% |
| 2019 | -8.2% | -17.8% | +45.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Louisiana Discovery Museum 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: 85%
- fundraising: 5%
According to IRS 990 filings, Louisiana Discovery 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly favorable for resource allocation to programs.
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 Louisiana Discovery Museum Inc:
- Consistent positive net income, with revenue exceeding expenses in recent years (e.g., $307,305 revenue vs. $263,379 expenses in 202312).
- Strong asset growth and low liabilities, indicating robust financial health (assets $348,765 vs. liabilities $5,953 in 202312).
- Zero reported officer compensation across all filings, maximizing resources for programmatic activities.
- Long history of consistent IRS 990 filings (12 filings), demonstrating strong transparency and compliance.
- Efficient spending, as evidenced by consistent positive net income and asset accumulation.
Frequently Asked Questions about Louisiana Discovery Museum Inc
Is Louisiana Discovery Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louisiana Discovery Museum Inc (EIN: 205251359) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Louisiana Discovery Museum Inc spend its money?
Louisiana Discovery Museum Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louisiana Discovery Museum Inc tax-deductible?
Louisiana Discovery Museum Inc is registered as a tax-exempt nonprofit (EIN: 205251359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Louisiana Discovery Museum Inc's spending goes to programs?
Louisiana Discovery Museum Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Louisiana Discovery Museum Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Louisiana Discovery Museum Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louisiana Discovery Museum Inc located?
Louisiana Discovery Museum Inc is headquartered in Hammond, Louisiana and files with the IRS under EIN 205251359. It is classified under NTEE code A80.
How many years of IRS 990 filings does Louisiana Discovery Museum Inc have?
Louisiana Discovery Museum Inc has 12 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 $277K in total revenue.
Is Louisiana Discovery Museum Inc. financially stable?
Yes, the organization appears financially stable. Its assets ($348,765 in 202312) consistently exceed liabilities ($5,953 in 202312), and it has consistently generated more revenue than expenses in recent years, leading to asset growth.
How does Louisiana Discovery Museum Inc. manage executive compensation?
The organization reports 0% officer compensation across all 12 available filings, indicating that executive leadership is either entirely volunteer-based or compensated at levels not requiring disclosure on the 990, which is a strong positive for efficiency.
Has the organization's revenue been consistent?
Revenue has fluctuated, decreasing from a high of $498,013 in 201312 to $307,305 in 202312, but has remained relatively stable in the last three periods (around $300,000-$312,000).
Filing History
IRS 990 filing history for Louisiana Discovery Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Louisiana Discovery Museum Inc's revenue has declined by 32.1%, moving from $453K to $307K. Total assets decreased by 30.2% over the same period, from $500K to $349K. Total functional expenses fell by 46.5%, from $493K to $263K. In its most recent filing year (2023), Louisiana Discovery Museum Inc reported a surplus of $44K, with revenue exceeding expenses. The organization holds $6K in liabilities against $349K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $343K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $263K | $349K | $6K | — | — |
| 2022 | $308K | $248K | $301K | $2K | — | View 990 |
| 2021 | $313K | $213K | $240K | $2K | — | View 990 |
| 2020 | $235K | $222K | $270K | $131K | — | View 990 |
| 2019 | $355K | $310K | $128K | $3K | — | View 990 |
| 2018 | $386K | $376K | $88K | $7K | — | View 990 |
| 2017 | $406K | $457K | $93K | $21K | — | View 990 |
| 2016 | $444K | $449K | $120K | $6K | — | View 990 |
| 2015 | $447K | $563K | $133K | $21K | — | View 990 |
| 2013 | $498K | $570K | $359K | $15K | — | View 990 |
| 2012 | $447K | $524K | $427K | $12K | — | View 990 |
| 2011 | $453K | $493K | $500K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $263K, and assets of $349K (revenue -0.3% year-over-year).
- 2022: Revenue of $308K, expenses of $248K, and assets of $301K (revenue -1.4% year-over-year).
- 2021: Revenue of $313K, expenses of $213K, and assets of $240K (revenue +33.3% year-over-year).
- 2020: Revenue of $235K, expenses of $222K, and assets of $270K (revenue -33.8% year-over-year).
- 2019: Revenue of $355K, expenses of $310K, and assets of $128K (revenue -8.2% year-over-year).
- 2018: Revenue of $386K, expenses of $376K, and assets of $88K (revenue -4.9% year-over-year).
- 2017: Revenue of $406K, expenses of $457K, and assets of $93K (revenue -8.5% year-over-year).
- 2016: Revenue of $444K, expenses of $449K, and assets of $120K (revenue -0.8% year-over-year).
- 2015: Revenue of $447K, expenses of $563K, and assets of $133K (revenue -10.2% year-over-year).
- 2013: Revenue of $498K, expenses of $570K, and assets of $359K (revenue +11.4% year-over-year).
- 2012: Revenue of $447K, expenses of $524K, and assets of $427K (revenue -1.3% year-over-year).
- 2011: Revenue of $453K, expenses of $493K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisiana Discovery Museum Inc:
Data Sources and Methodology
This transparency report for Louisiana Discovery 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.