Midwest Lumber Museum Inc
Midwest Lumber Museum Inc consistently allocates over 80% of expenses to programs with no officer compensation.
EIN: 205989559 · Clinton, IA · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $201K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $7.2 |
| Net Assets | $6.8M |
| Transparency Score | 92/100 |
Is Midwest Lumber Museum Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midwest Lumber Museum Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midwest Lumber Museum Inc
Midwest Lumber Museum Inc (EIN: 205989559) is a nonprofit organization based in Clinton, IA, classified under NTEE code A54. The organization reported total revenue of $234K and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Lumber Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Lumber Museum Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $201K |
| Surplus / Deficit | +$112K |
| Total Assets | $7.2M |
| Total Liabilities | $387K |
| Net Assets | $6.8M |
| Operating Margin | 35.7% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 429.1 months |
Financial Health Grade: A
In 2023, Midwest Lumber Museum Inc reported a surplus of $112K with revenue exceeding expenses, holds 429.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midwest Lumber Museum Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | +8.9% | +1.6% |
| 2022 | -23.6% | +16.9% | +7.6% |
| 2021 | +58.5% | +6.2% | +3.7% |
| 2020 | -40.8% | -22.7% | +1.7% |
| 2019 | +61.6% | +23.3% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2009 |
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 Midwest Lumber Museum Inc with a Mission Score of 92 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Midwest Lumber Museum Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Midwest Lumber Museum Inc reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its asset size ($7.2 million in 2023) and suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation to mission-related activities.
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 Midwest Lumber Museum Inc:
- High program spending ratio (approx. 80% in 2023)
- No reported officer compensation across all filings
- Consistent asset growth over the past decade (from $4.5M to $7.2M)
- Consistent financial surpluses, indicating sustainability
- Regular and transparent IRS 990 filings
Frequently Asked Questions about Midwest Lumber Museum Inc
Is Midwest Lumber Museum Inc a legitimate charity?
Midwest Lumber Museum Inc (EIN: 205989559) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $234K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Midwest Lumber Museum Inc spend its money?
Midwest Lumber Museum Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Midwest Lumber Museum Inc tax-deductible?
Midwest Lumber Museum Inc is registered as a tax-exempt nonprofit (EIN: 205989559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Midwest Lumber Museum Inc CEO make?
Midwest Lumber Museum Inc's highest-compensated officer earns $7.2 annually. The organization reported $234K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Midwest Lumber Museum Inc's spending goes to programs?
Midwest Lumber Museum Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Midwest Lumber Museum Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Midwest Lumber 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 Midwest Lumber Museum Inc located?
Midwest Lumber Museum Inc is headquartered in Clinton, Iowa and files with the IRS under EIN 205989559. It is classified under NTEE code A54.
How many years of IRS 990 filings does Midwest Lumber Museum Inc have?
Midwest Lumber Museum 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 $234K in total revenue.
Is Midwest Lumber Museum Inc a good charity?
Based on its financial data, Midwest Lumber Museum Inc appears to be a very good charity. It consistently allocates a high percentage of its expenses (around 80% in 2023) to program services, has no reported officer compensation, and has steadily grown its assets over the past decade, indicating strong financial health and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $4,491,876 in 2014 to $7,204,611 in 2023. While revenue has fluctuated, expenses have generally been well-managed, leading to consistent surpluses and asset accumulation.
What is the organization's approach to executive compensation?
Midwest Lumber Museum Inc reports 0% officer compensation in all available IRS 990 filings. This indicates a volunteer-driven leadership or a structure where executive roles are not compensated, which is a strong positive for directing funds to programs.
Filing History
IRS 990 filing history for Midwest Lumber Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Lumber Museum Inc's revenue has declined by 37.1%, moving from $498K to $313K. Total assets increased by 66.8% over the same period, from $4.3M to $7.2M. Total functional expenses fell by 47.5%, from $384K to $201K. In its most recent filing year (2023), Midwest Lumber Museum Inc reported a surplus of $112K, with revenue exceeding expenses. The organization holds $387K in liabilities against $7.2M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $313K | $201K | $7.2M | $387K | — | View 990 |
| 2022 | $299K | $185K | $7.1M | $386K | — | View 990 |
| 2021 | $391K | $158K | $6.6M | $0 | — | View 990 |
| 2020 | $246K | $149K | $6.4M | $0 | — | View 990 |
| 2019 | $417K | $193K | $6.3M | $0 | — | View 990 |
| 2018 | $258K | $156K | $6.2M | $195K | — | View 990 |
| 2017 | $909K | $135K | $6.2M | $344K | — | View 990 |
| 2016 | $705K | $139K | $5.9M | $742K | — | View 990 |
| 2015 | $209K | $147K | $4.6M | $0 | — | View 990 |
| 2014 | $223K | $156K | $4.5M | $0 | — | View 990 |
| 2013 | $200K | $150K | $4.4M | $0 | — | View 990 |
| 2012 | $305K | $250K | $4.4M | $0 | — | View 990 |
| 2011 | $498K | $384K | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $313K, expenses of $201K, and assets of $7.2M (revenue +4.9% year-over-year).
- 2022: Revenue of $299K, expenses of $185K, and assets of $7.1M (revenue -23.6% year-over-year).
- 2021: Revenue of $391K, expenses of $158K, and assets of $6.6M (revenue +58.5% year-over-year).
- 2020: Revenue of $246K, expenses of $149K, and assets of $6.4M (revenue -40.8% year-over-year).
- 2019: Revenue of $417K, expenses of $193K, and assets of $6.3M (revenue +61.6% year-over-year).
- 2018: Revenue of $258K, expenses of $156K, and assets of $6.2M (revenue -71.7% year-over-year).
- 2017: Revenue of $909K, expenses of $135K, and assets of $6.2M (revenue +29.0% year-over-year).
- 2016: Revenue of $705K, expenses of $139K, and assets of $5.9M (revenue +237.2% year-over-year).
- 2015: Revenue of $209K, expenses of $147K, and assets of $4.6M (revenue -6.1% year-over-year).
- 2014: Revenue of $223K, expenses of $156K, and assets of $4.5M (revenue +11.4% year-over-year).
- 2013: Revenue of $200K, expenses of $150K, and assets of $4.4M (revenue -34.4% year-over-year).
- 2012: Revenue of $305K, expenses of $250K, and assets of $4.4M (revenue -38.8% year-over-year).
- 2011: Revenue of $498K, expenses of $384K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Lumber Museum Inc:
Data Sources and Methodology
This transparency report for Midwest Lumber 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.