Michigan Maritime Museum Inc
EIN: 382342806 · South Haven, MI · NTEE: A500
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $756K |
| Net Assets | $9.7M |
Is Michigan Maritime Museum Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Michigan Maritime Museum Inc
Michigan Maritime Museum Inc (EIN: 382342806) is a nonprofit organization based in South Haven, MI, classified under NTEE code A500. The organization reported total revenue of $1.4M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michigan Maritime Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michigan Maritime Museum Inc is a mid-size nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $756K |
| Surplus / Deficit | +$610K |
| Total Assets | $9.9M |
| Total Liabilities | $224K |
| Net Assets | $9.7M |
| Operating Margin | 44.7% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 157.3 months |
Financial Health Grade: A
In 2022, Michigan Maritime Museum Inc reported a surplus of $610K with revenue exceeding expenses, holds 157.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Michigan Maritime Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -63.4% | +12.7% | +6.9% |
| 2021 | +170.1% | +7.4% | +51.3% |
| 2020 | -53.2% | -16.0% | +13.1% |
| 2019 | +213.2% | +21.7% | +136.0% |
| 2018 | -5.6% | -3.4% | +18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Michigan Maritime Museum 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 Michigan Maritime Museum 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $610K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Frequently Asked Questions about Michigan Maritime Museum Inc
Is Michigan Maritime Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michigan Maritime Museum Inc (EIN: 382342806) insufficient data. 0 red flags identified, 0 strengths noted.
How does Michigan Maritime Museum Inc spend its money?
Detailed spending breakdown data is not yet available for Michigan Maritime Museum Inc. Check back for updated IRS 990 analysis.
Are donations to Michigan Maritime Museum Inc tax-deductible?
Michigan Maritime Museum Inc is registered as a tax-exempt nonprofit (EIN: 382342806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Michigan Maritime Museum Inc located?
Michigan Maritime Museum Inc is headquartered in South Haven, Michigan and files with the IRS under EIN 382342806. It is classified under NTEE code A500.
How many years of IRS 990 filings does Michigan Maritime Museum Inc have?
Michigan Maritime 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Michigan Maritime Museum Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Michigan Maritime Museum Inc's revenue has grown by 208.1%, moving from $444K to $1.4M. Total assets increased by 545.1% over the same period, from $1.5M to $9.9M. Total functional expenses rose by 65.7%, from $457K to $756K. In its most recent filing year (2022), Michigan Maritime Museum Inc reported a surplus of $610K, with revenue exceeding expenses. The organization holds $224K in liabilities against $9.9M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.4M | $756K | $9.9M | $224K | — | View 990 |
| 2021 | $3.7M | $671K | $9.3M | $146K | — | — |
| 2020 | $1.4M | $625K | $6.1M | $132K | — | View 990 |
| 2019 | $3.0M | $744K | $5.4M | $61K | — | View 990 |
| 2018 | $945K | $612K | $2.3M | $67K | — | View 990 |
| 2017 | $1.0M | $634K | $1.9M | $49K | — | View 990 |
| 2016 | $678K | $559K | $1.7M | $174K | — | View 990 |
| 2015 | $709K | $528K | $1.7M | $243K | — | View 990 |
| 2014 | $605K | $536K | $1.5M | $259K | — | View 990 |
| 2013 | $511K | $511K | $1.5M | $312K | — | View 990 |
| 2012 | $472K | $483K | $1.5M | $327K | — | View 990 |
| 2011 | $444K | $457K | $1.5M | $364K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.4M, expenses of $756K, and assets of $9.9M (revenue -63.4% year-over-year).
- 2021: Revenue of $3.7M, expenses of $671K, and assets of $9.3M (revenue +170.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $625K, and assets of $6.1M (revenue -53.2% year-over-year).
- 2019: Revenue of $3.0M, expenses of $744K, and assets of $5.4M (revenue +213.2% year-over-year).
- 2018: Revenue of $945K, expenses of $612K, and assets of $2.3M (revenue -5.6% year-over-year).
- 2017: Revenue of $1.0M, expenses of $634K, and assets of $1.9M (revenue +47.6% year-over-year).
- 2016: Revenue of $678K, expenses of $559K, and assets of $1.7M (revenue -4.5% year-over-year).
- 2015: Revenue of $709K, expenses of $528K, and assets of $1.7M (revenue +17.4% year-over-year).
- 2014: Revenue of $605K, expenses of $536K, and assets of $1.5M (revenue +18.4% year-over-year).
- 2013: Revenue of $511K, expenses of $511K, and assets of $1.5M (revenue +8.2% year-over-year).
- 2012: Revenue of $472K, expenses of $483K, and assets of $1.5M (revenue +6.4% year-over-year).
- 2011: Revenue of $444K, expenses of $457K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michigan Maritime Museum Inc:
Data Sources and Methodology
This transparency report for Michigan Maritime 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.