Monmouth Museum
Monmouth Museum maintains stable assets and zero liabilities with volunteer leadership despite fluctuating revenues.
EIN: 10360505 · Monmouth, ME · NTEE: A50Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $23K |
| Program Spending | 80% |
| Net Assets | $292K |
| Transparency Score | 85/100 |
Is Monmouth Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monmouth Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monmouth Museum
Monmouth Museum (EIN: 10360505) is a nonprofit organization based in Monmouth, ME, classified under NTEE code A50Z. The organization reported total revenue of $27K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monmouth Museum is a micro nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $23K |
| Surplus / Deficit | $-5,216 |
| Total Assets | $292K |
| Net Assets | $292K |
| Operating Margin | -30.0% |
| Months of Reserves | 154.8 months |
Financial Health Grade: B
In 2023, Monmouth Museum reported a deficit of $5K with expenses exceeding revenue, holds 154.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Monmouth Museum's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | +41.6% | -1.6% |
| 2022 | -51.4% | -31.1% | +2.2% |
| 2021 | +215.2% | +97.7% | +6.9% |
| 2020 | -62.1% | -65.3% | +0.9% |
| 2019 | +83.7% | +72.6% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Monmouth Museum with a Mission Score of 85 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, Monmouth Museum 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 deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which significantly reduces administrative costs relative to its size.
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.
Red Flags
The following concerns were identified during AI analysis of Monmouth Museum's IRS 990 filings:
- Significant year-over-year revenue fluctuations, making long-term financial forecasting challenging.
Strengths
The following positive indicators were identified for Monmouth Museum:
- Consistent asset growth, from $269,127 in 2019 to $291,774 in 2023.
- Zero reported liabilities across all filing periods, indicating strong fiscal health.
- No officer compensation reported, suggesting a highly efficient, volunteer-led operation.
- Expenses generally kept below revenue, allowing for asset accumulation.
Frequently Asked Questions about Monmouth Museum
Is Monmouth Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Monmouth Museum (EIN: 10360505) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Monmouth Museum spend its money?
Monmouth Museum directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monmouth Museum tax-deductible?
Monmouth Museum is registered as a tax-exempt nonprofit (EIN: 10360505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monmouth Museum's spending goes to programs?
Monmouth Museum directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Monmouth Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Monmouth Museum is above average for NTEE category A50Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Monmouth Museum located?
Monmouth Museum is headquartered in Monmouth, Maine and files with the IRS under EIN 10360505. It is classified under NTEE code A50Z.
How many years of IRS 990 filings does Monmouth Museum have?
Monmouth Museum 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 $27K in total revenue.
Is Monmouth Museum financially stable?
Yes, the Monmouth Museum appears financially stable, consistently reporting zero liabilities and growing assets from $269,127 in 2019 to $291,774 in 2023, despite fluctuating annual revenues.
How does Monmouth Museum manage its leadership costs?
The Monmouth Museum manages its leadership costs very efficiently, as officer compensation is consistently reported as 0% across all filings, indicating a volunteer-driven executive team.
What is the trend in the museum's assets?
The museum's assets have shown a positive trend, increasing from $266,049 in 2018 to $291,774 in 2023, demonstrating consistent growth in its financial resources.
Are there any significant liabilities?
No, the Monmouth Museum consistently reports $0 in liabilities across all available filings, which is a strong indicator of fiscal health and low financial risk.
Filing History
IRS 990 filing history for Monmouth Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monmouth Museum's revenue has grown by 55.3%, moving from $11K to $17K. Total assets increased by 43.1% over the same period, from $204K to $292K. Total functional expenses rose by 243.2%, from $7K to $23K. In its most recent filing year (2023), Monmouth Museum reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $23K | $292K | $0 | — | — |
| 2022 | $21K | $16K | $297K | $0 | — | View 990 |
| 2021 | $44K | $23K | $290K | $0 | — | View 990 |
| 2020 | $14K | $12K | $271K | $0 | — | View 990 |
| 2019 | $37K | $34K | $269K | $0 | — | View 990 |
| 2018 | $20K | $20K | $266K | $0 | — | View 990 |
| 2017 | $87K | $29K | $266K | $0 | — | View 990 |
| 2016 | $27K | $18K | $208K | $0 | — | View 990 |
| 2015 | $15K | $23K | $199K | $99K | — | View 990 |
| 2014 | $22K | $21K | $206K | $99K | — | View 990 |
| 2013 | $24K | $21K | $204K | $99K | — | View 990 |
| 2012 | $13K | $16K | $202K | $99K | — | View 990 |
| 2011 | $11K | $7K | $204K | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $23K, and assets of $292K (revenue -18.8% year-over-year).
- 2022: Revenue of $21K, expenses of $16K, and assets of $297K (revenue -51.4% year-over-year).
- 2021: Revenue of $44K, expenses of $23K, and assets of $290K (revenue +215.2% year-over-year).
- 2020: Revenue of $14K, expenses of $12K, and assets of $271K (revenue -62.1% year-over-year).
- 2019: Revenue of $37K, expenses of $34K, and assets of $269K (revenue +83.7% year-over-year).
- 2018: Revenue of $20K, expenses of $20K, and assets of $266K (revenue -76.9% year-over-year).
- 2017: Revenue of $87K, expenses of $29K, and assets of $266K (revenue +226.7% year-over-year).
- 2016: Revenue of $27K, expenses of $18K, and assets of $208K (revenue +72.9% year-over-year).
- 2015: Revenue of $15K, expenses of $23K, and assets of $199K (revenue -31.2% year-over-year).
- 2014: Revenue of $22K, expenses of $21K, and assets of $206K (revenue -4.9% year-over-year).
- 2013: Revenue of $24K, expenses of $21K, and assets of $204K (revenue +80.6% year-over-year).
- 2012: Revenue of $13K, expenses of $16K, and assets of $202K (revenue +16.4% year-over-year).
- 2011: Revenue of $11K, expenses of $7K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monmouth Museum:
Data Sources and Methodology
This transparency report for Monmouth Museum 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.