Maritime And Seafood Industry Museum Of Biloxi Inc
EIN: 640678510 · Biloxi, MS · NTEE: A500
| Metric | Value |
|---|---|
| Total Revenue | $864K |
| Total Expenses | $739K |
| Net Assets | $6.7M |
Is Maritime And Seafood Industry Museum Of Biloxi Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maritime And Seafood Industry Museum Of Biloxi Inc
Maritime And Seafood Industry Museum Of Biloxi Inc (EIN: 640678510) is a nonprofit organization based in Biloxi, MS, classified under NTEE code A500. The organization reported total revenue of $864K and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maritime And Seafood Industry Museum Of Biloxi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maritime And Seafood Industry Museum Of Biloxi Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $739K |
| Surplus / Deficit | +$1.7M |
| Total Assets | $7.5M |
| Total Liabilities | $782K |
| Net Assets | $6.7M |
| Operating Margin | 69.7% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 122.0 months |
Financial Health Grade: A
In 2023, Maritime And Seafood Industry Museum Of Biloxi Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 122.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maritime And Seafood Industry Museum Of Biloxi Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +176.3% | +11.7% | +38.2% |
| 2022 | +99.6% | -3.7% | +12.3% |
| 2021 | -33.3% | +3.8% | -5.7% |
| 2020 | +0.9% | -8.6% | -0.3% |
| 2019 | +1.1% | -2.2% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maritime And Seafood Industry Museum Of Biloxi Inc 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 Maritime And Seafood Industry Museum Of Biloxi Inc 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 surplus of $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.4%.
Frequently Asked Questions about Maritime And Seafood Industry Museum Of Biloxi Inc
Is Maritime And Seafood Industry Museum Of Biloxi Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maritime And Seafood Industry Museum Of Biloxi Inc (EIN: 640678510) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maritime And Seafood Industry Museum Of Biloxi Inc spend its money?
Detailed spending breakdown data is not yet available for Maritime And Seafood Industry Museum Of Biloxi Inc. Check back for updated IRS 990 analysis.
Are donations to Maritime And Seafood Industry Museum Of Biloxi Inc tax-deductible?
Maritime And Seafood Industry Museum Of Biloxi Inc is registered as a tax-exempt nonprofit (EIN: 640678510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maritime And Seafood Industry Museum Of Biloxi Inc located?
Maritime And Seafood Industry Museum Of Biloxi Inc is headquartered in Biloxi, Mississippi and files with the IRS under EIN 640678510. It is classified under NTEE code A500.
How many years of IRS 990 filings does Maritime And Seafood Industry Museum Of Biloxi Inc have?
Maritime And Seafood Industry Museum Of Biloxi Inc 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 $864K in total revenue.
Filing History
IRS 990 filing history for Maritime And Seafood Industry Museum Of Biloxi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maritime And Seafood Industry Museum Of Biloxi Inc's revenue has grown by 331.8%, moving from $565K to $2.4M. Total assets increased by 152.3% over the same period, from $3.0M to $7.5M. Total functional expenses rose by 14%, from $649K to $739K. In its most recent filing year (2023), Maritime And Seafood Industry Museum Of Biloxi Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $782K in liabilities against $7.5M in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $739K | $7.5M | $782K | — | View 990 |
| 2022 | $882K | $662K | $5.4M | $402K | — | View 990 |
| 2021 | $442K | $687K | $4.8M | $26K | — | View 990 |
| 2020 | $662K | $662K | $5.1M | $72K | — | — |
| 2019 | $657K | $725K | $5.1M | $86K | — | View 990 |
| 2018 | $650K | $741K | $5.2M | $35K | — | View 990 |
| 2017 | $569K | $766K | $5.2M | $20K | — | View 990 |
| 2016 | $674K | $910K | $5.5M | $110K | — | View 990 |
| 2015 | $810K | $971K | $5.9M | $237K | — | View 990 |
| 2014 | $2.9M | $898K | $6.4M | $516K | — | View 990 |
| 2013 | $1.7M | $756K | $4.7M | $851K | — | View 990 |
| 2012 | $907K | $747K | $3.2M | $201K | — | View 990 |
| 2011 | $565K | $649K | $3.0M | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $739K, and assets of $7.5M (revenue +176.3% year-over-year).
- 2022: Revenue of $882K, expenses of $662K, and assets of $5.4M (revenue +99.6% year-over-year).
- 2021: Revenue of $442K, expenses of $687K, and assets of $4.8M (revenue -33.3% year-over-year).
- 2020: Revenue of $662K, expenses of $662K, and assets of $5.1M (revenue +0.9% year-over-year).
- 2019: Revenue of $657K, expenses of $725K, and assets of $5.1M (revenue +1.1% year-over-year).
- 2018: Revenue of $650K, expenses of $741K, and assets of $5.2M (revenue +14.3% year-over-year).
- 2017: Revenue of $569K, expenses of $766K, and assets of $5.2M (revenue -15.6% year-over-year).
- 2016: Revenue of $674K, expenses of $910K, and assets of $5.5M (revenue -16.8% year-over-year).
- 2015: Revenue of $810K, expenses of $971K, and assets of $5.9M (revenue -72.4% year-over-year).
- 2014: Revenue of $2.9M, expenses of $898K, and assets of $6.4M (revenue +75.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $756K, and assets of $4.7M (revenue +84.5% year-over-year).
- 2012: Revenue of $907K, expenses of $747K, and assets of $3.2M (revenue +60.7% year-over-year).
- 2011: Revenue of $565K, expenses of $649K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maritime And Seafood Industry Museum Of Biloxi Inc:
Data Sources and Methodology
This transparency report for Maritime And Seafood Industry Museum Of Biloxi 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.