Midwest Museum Of American Art Foundation
EIN: 310937828 · Elkhart, IN · NTEE: A510
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $253K |
| Net Assets | $11.5M |
Is Midwest Museum Of American Art Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Museum Of American Art Foundation
Midwest Museum Of American Art Foundation (EIN: 310937828) is a nonprofit organization based in Elkhart, IN, classified under NTEE code A510. The organization reported total revenue of $1.1M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Museum Of American Art Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Museum Of American Art Foundation is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $901K |
| Total Expenses | $253K |
| Surplus / Deficit | +$648K |
| Total Assets | $11.5M |
| Net Assets | $11.5M |
| Operating Margin | 71.9% |
| Months of Reserves | 546.6 months |
Financial Health Grade: A
In 2023, Midwest Museum Of American Art Foundation reported a surplus of $648K with revenue exceeding expenses, holds 546.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Midwest Museum Of American Art Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | +16.8% | +5.9% |
| 2022 | +44.7% | +0.1% | +8.2% |
| 2021 | +27.8% | +6.1% | +5.5% |
| 2020 | -0.2% | -8.0% | +4.1% |
| 2019 | +44.8% | +11.6% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Museum Of American Art Foundation 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 Midwest Museum Of American Art Foundation 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 $648K, with revenue exceeding expenses.
Frequently Asked Questions about Midwest Museum Of American Art Foundation
Is Midwest Museum Of American Art Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Museum Of American Art Foundation (EIN: 310937828) insufficient data. 0 red flags identified, 0 strengths noted.
How does Midwest Museum Of American Art Foundation spend its money?
Detailed spending breakdown data is not yet available for Midwest Museum Of American Art Foundation. Check back for updated IRS 990 analysis.
Are donations to Midwest Museum Of American Art Foundation tax-deductible?
Midwest Museum Of American Art Foundation is registered as a tax-exempt nonprofit (EIN: 310937828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Museum Of American Art Foundation located?
Midwest Museum Of American Art Foundation is headquartered in Elkhart, Indiana and files with the IRS under EIN 310937828. It is classified under NTEE code A510.
How many years of IRS 990 filings does Midwest Museum Of American Art Foundation have?
Midwest Museum Of American Art Foundation 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Midwest Museum Of American Art Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Museum Of American Art Foundation's revenue has grown by 153.1%, moving from $356K to $901K. Total assets increased by 69.6% over the same period, from $6.8M to $11.5M. Total functional expenses rose by 52.3%, from $166K to $253K. In its most recent filing year (2023), Midwest Museum Of American Art Foundation reported a surplus of $648K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $901K | $253K | $11.5M | $-2,208 | — | — |
| 2022 | $1.1M | $217K | $10.9M | $677 | — | — |
| 2021 | $737K | $216K | $10.1M | $1K | — | View 990 |
| 2020 | $577K | $204K | $9.5M | $546 | — | — |
| 2019 | $578K | $222K | $9.2M | $557 | — | View 990 |
| 2018 | $399K | $198K | $8.8M | $262 | — | View 990 |
| 2017 | $676K | $193K | $8.6M | $239 | — | View 990 |
| 2016 | $342K | $164K | $8.1M | $0 | — | View 990 |
| 2015 | $459K | $156K | $7.9M | $0 | — | View 990 |
| 2014 | $464K | $185K | $7.6M | $0 | — | View 990 |
| 2013 | $685K | $166K | $7.4M | $0 | — | View 990 |
| 2012 | $245K | $171K | $6.9M | $30K | — | View 990 |
| 2011 | $356K | $166K | $6.8M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $901K, expenses of $253K, and assets of $11.5M (revenue -15.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $217K, and assets of $10.9M (revenue +44.7% year-over-year).
- 2021: Revenue of $737K, expenses of $216K, and assets of $10.1M (revenue +27.8% year-over-year).
- 2020: Revenue of $577K, expenses of $204K, and assets of $9.5M (revenue -0.2% year-over-year).
- 2019: Revenue of $578K, expenses of $222K, and assets of $9.2M (revenue +44.8% year-over-year).
- 2018: Revenue of $399K, expenses of $198K, and assets of $8.8M (revenue -41.0% year-over-year).
- 2017: Revenue of $676K, expenses of $193K, and assets of $8.6M (revenue +97.5% year-over-year).
- 2016: Revenue of $342K, expenses of $164K, and assets of $8.1M (revenue -25.4% year-over-year).
- 2015: Revenue of $459K, expenses of $156K, and assets of $7.9M (revenue -1.1% year-over-year).
- 2014: Revenue of $464K, expenses of $185K, and assets of $7.6M (revenue -32.3% year-over-year).
- 2013: Revenue of $685K, expenses of $166K, and assets of $7.4M (revenue +179.3% year-over-year).
- 2012: Revenue of $245K, expenses of $171K, and assets of $6.9M (revenue -31.1% year-over-year).
- 2011: Revenue of $356K, expenses of $166K, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Museum Of American Art Foundation:
Data Sources and Methodology
This transparency report for Midwest Museum Of American Art Foundation 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.