Montgomery Museum And Lewis Miller Regional Art Center
EIN: 521302515 · Christiansburg, VA
| Metric | Value |
|---|---|
| Total Revenue | $743K |
| Total Expenses | $266K |
| Net Assets | $1.4M |
Is Montgomery Museum And Lewis Miller Regional Art Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Montgomery Museum And Lewis Miller Regional Art Center
Montgomery Museum And Lewis Miller Regional Art Center (EIN: 521302515) is a nonprofit organization based in Christiansburg, VA. The organization reported total revenue of $743K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montgomery Museum And Lewis Miller Regional Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Montgomery Museum And Lewis Miller Regional Art Center is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $456K |
| Total Expenses | $266K |
| Surplus / Deficit | +$190K |
| Total Assets | $1.8M |
| Total Liabilities | $406K |
| Net Assets | $1.4M |
| Operating Margin | 41.7% |
| Debt-to-Asset Ratio | 22.5% |
| Months of Reserves | 81.3 months |
Financial Health Grade: A
In 2023, Montgomery Museum And Lewis Miller Regional Art Center reported a surplus of $190K with revenue exceeding expenses, holds 81.3 months of operating reserves (strong position), has a debt-to-asset ratio of 22.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Montgomery Museum And Lewis Miller Regional Art Center's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.9% | -23.9% | +11.8% |
| 2022 | -4.1% | +184.1% | +61.6% |
| 2021 | +463.9% | +78.0% | +242.0% |
| 2020 | +136.1% | -6.4% | +24.0% |
| 2019 | -26.9% | +26.0% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Montgomery Museum And Lewis Miller Regional Art Center 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 Montgomery Museum And Lewis Miller Regional Art Center 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 $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.5%.
Frequently Asked Questions about Montgomery Museum And Lewis Miller Regional Art Center
Is Montgomery Museum And Lewis Miller Regional Art Center a legitimate charity?
Montgomery Museum And Lewis Miller Regional Art Center (EIN: 521302515) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $743K. No red flags identified. Financial health grade: A.
How does Montgomery Museum And Lewis Miller Regional Art Center spend its money?
Montgomery Museum And Lewis Miller Regional Art Center reported $743K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Montgomery Museum And Lewis Miller Regional Art Center tax-deductible?
Montgomery Museum And Lewis Miller Regional Art Center is registered as a tax-exempt nonprofit (EIN: 521302515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Montgomery Museum And Lewis Miller Regional Art Center located?
Montgomery Museum And Lewis Miller Regional Art Center is headquartered in Christiansburg, Virginia and files with the IRS under EIN 521302515.
How many years of IRS 990 filings does Montgomery Museum And Lewis Miller Regional Art Center have?
Montgomery Museum And Lewis Miller Regional Art Center 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 $743K in total revenue.
Filing History
IRS 990 filing history for Montgomery Museum And Lewis Miller Regional Art Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Montgomery Museum And Lewis Miller Regional Art Center's revenue has grown by 694%, moving from $57K to $456K. Total assets increased by 621.4% over the same period, from $250K to $1.8M. Total functional expenses rose by 450.5%, from $48K to $266K. In its most recent filing year (2023), Montgomery Museum And Lewis Miller Regional Art Center reported a surplus of $190K, with revenue exceeding expenses. The organization holds $406K in liabilities against $1.8M in assets (debt-to-asset ratio: 22.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $456K | $266K | $1.8M | $406K | — | — |
| 2022 | $679K | $350K | $1.6M | $406K | — | View 990 |
| 2021 | $709K | $123K | $997K | $121K | — | View 990 |
| 2020 | $126K | $69K | $292K | $728 | — | View 990 |
| 2019 | $53K | $74K | $235K | $728 | — | View 990 |
| 2018 | $73K | $59K | $259K | $821 | — | View 990 |
| 2017 | $75K | $57K | $250K | $5K | — | View 990 |
| 2016 | $63K | $60K | $241K | $0 | — | View 990 |
| 2015 | $57K | $51K | $239K | $493 | — | View 990 |
| 2014 | $59K | $51K | $232K | $606 | — | View 990 |
| 2013 | $116K | $120K | $225K | $562 | — | View 990 |
| 2012 | $76K | $97K | $272K | $525 | — | View 990 |
| 2011 | $57K | $48K | $250K | $553 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $456K, expenses of $266K, and assets of $1.8M (revenue -32.9% year-over-year).
- 2022: Revenue of $679K, expenses of $350K, and assets of $1.6M (revenue -4.1% year-over-year).
- 2021: Revenue of $709K, expenses of $123K, and assets of $997K (revenue +463.9% year-over-year).
- 2020: Revenue of $126K, expenses of $69K, and assets of $292K (revenue +136.1% year-over-year).
- 2019: Revenue of $53K, expenses of $74K, and assets of $235K (revenue -26.9% year-over-year).
- 2018: Revenue of $73K, expenses of $59K, and assets of $259K (revenue -2.7% year-over-year).
- 2017: Revenue of $75K, expenses of $57K, and assets of $250K (revenue +19.6% year-over-year).
- 2016: Revenue of $63K, expenses of $60K, and assets of $241K (revenue +9.0% year-over-year).
- 2015: Revenue of $57K, expenses of $51K, and assets of $239K (revenue -2.7% year-over-year).
- 2014: Revenue of $59K, expenses of $51K, and assets of $232K (revenue -49.2% year-over-year).
- 2013: Revenue of $116K, expenses of $120K, and assets of $225K (revenue +53.6% year-over-year).
- 2012: Revenue of $76K, expenses of $97K, and assets of $272K (revenue +31.6% year-over-year).
- 2011: Revenue of $57K, expenses of $48K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Montgomery Museum And Lewis Miller Regional Art Center:
Data Sources and Methodology
This transparency report for Montgomery Museum And Lewis Miller Regional Art Center 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.