Michigan Legacy Art Park
EIN: 383172005 · Thompsonville, MI · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $225K |
| Net Assets | $665K |
Is Michigan Legacy Art Park Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Legacy Art Park
Michigan Legacy Art Park (EIN: 383172005) is a nonprofit organization based in Thompsonville, MI, classified under NTEE code A80. The organization reported total revenue of $320K and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Legacy Art Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Legacy Art Park is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $225K |
| Surplus / Deficit | +$2K |
| Total Assets | $665K |
| Total Liabilities | $862 |
| Net Assets | $665K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 35.4 months |
Financial Health Grade: A
In 2023, Michigan Legacy Art Park reported a surplus of $2K with revenue exceeding expenses, holds 35.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Michigan Legacy Art Park's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +2.9% | +-0.0% |
| 2022 | -2.9% | +17.0% | -4.8% |
| 2021 | +17.3% | +5.9% | +1.3% |
| 2020 | +78.3% | -23.0% | -1.2% |
| 2019 | -59.7% | -9.5% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Legacy Art Park 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 Michigan Legacy Art Park 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Michigan Legacy Art Park
Is Michigan Legacy Art Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Legacy Art Park (EIN: 383172005) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michigan Legacy Art Park spend its money?
Detailed spending breakdown data is not yet available for Michigan Legacy Art Park. Check back for updated IRS 990 analysis.
Are donations to Michigan Legacy Art Park tax-deductible?
Michigan Legacy Art Park is registered as a tax-exempt nonprofit (EIN: 383172005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Legacy Art Park located?
Michigan Legacy Art Park is headquartered in Thompsonville, Michigan and files with the IRS under EIN 383172005. It is classified under NTEE code A80.
How many years of IRS 990 filings does Michigan Legacy Art Park have?
Michigan Legacy Art Park has 14 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 $320K in total revenue.
Filing History
IRS 990 filing history for Michigan Legacy Art Park showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Michigan Legacy Art Park's revenue has grown by 160.4%, moving from $87K to $227K. Total assets increased by 117.7% over the same period, from $306K to $665K. Total functional expenses rose by 211.9%, from $72K to $225K. In its most recent filing year (2023), Michigan Legacy Art Park reported a surplus of $2K, with revenue exceeding expenses. The organization holds $862 in liabilities against $665K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $665K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $225K | $665K | $862 | — | — |
| 2022 | $189K | $219K | $666K | $3K | — | View 990 |
| 2021 | $195K | $187K | $699K | $7K | — | — |
| 2020 | $166K | $177K | $690K | $5K | — | View 990 |
| 2019 | $93K | $229K | $699K | $3K | — | View 990 |
| 2018 | $231K | $254K | $849K | $17K | — | View 990 |
| 2017 | $68K | $52K | $858K | $3K | — | View 990 |
| 2017 | $214K | $205K | $841K | $2K | — | View 990 |
| 2016 | $330K | $169K | $829K | $0 | — | View 990 |
| 2015 | $198K | $124K | $606K | $0 | — | View 990 |
| 2014 | $291K | $105K | $533K | $620 | — | View 990 |
| 2013 | $126K | $113K | $355K | $8K | — | View 990 |
| 2012 | $106K | $76K | $337K | $3K | — | View 990 |
| 2011 | $87K | $72K | $306K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $225K, and assets of $665K (revenue +20.1% year-over-year).
- 2022: Revenue of $189K, expenses of $219K, and assets of $666K (revenue -2.9% year-over-year).
- 2021: Revenue of $195K, expenses of $187K, and assets of $699K (revenue +17.3% year-over-year).
- 2020: Revenue of $166K, expenses of $177K, and assets of $690K (revenue +78.3% year-over-year).
- 2019: Revenue of $93K, expenses of $229K, and assets of $699K (revenue -59.7% year-over-year).
- 2018: Revenue of $231K, expenses of $254K, and assets of $849K (revenue +240.5% year-over-year).
- 2017: Revenue of $68K, expenses of $52K, and assets of $858K (revenue -68.3% year-over-year).
- 2017: Revenue of $214K, expenses of $205K, and assets of $841K (revenue -35.1% year-over-year).
- 2016: Revenue of $330K, expenses of $169K, and assets of $829K (revenue +66.9% year-over-year).
- 2015: Revenue of $198K, expenses of $124K, and assets of $606K (revenue -32.0% year-over-year).
- 2014: Revenue of $291K, expenses of $105K, and assets of $533K (revenue +130.0% year-over-year).
- 2013: Revenue of $126K, expenses of $113K, and assets of $355K (revenue +19.5% year-over-year).
- 2012: Revenue of $106K, expenses of $76K, and assets of $337K (revenue +21.2% year-over-year).
- 2011: Revenue of $87K, expenses of $72K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Legacy Art Park:
Data Sources and Methodology
This transparency report for Michigan Legacy Art Park 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.