Motown Historical Museum Inc
EIN: 382614561 · Detroit, MI · NTEE: A540
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $5.0M |
| Net Assets | $46.0M |
Is Motown Historical 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 Motown Historical Museum Inc
Motown Historical Museum Inc (EIN: 382614561) is a nonprofit organization based in Detroit, MI, classified under NTEE code A540. The organization reported total revenue of $10.2M and total assets of $55.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Motown Historical Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Motown Historical Museum Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$5.0M |
| Total Assets | $47.3M |
| Total Liabilities | $1.3M |
| Net Assets | $46.0M |
| Operating Margin | 50.3% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 114.0 months |
Financial Health Grade: A
In 2023, Motown Historical Museum Inc reported a surplus of $5.0M with revenue exceeding expenses, holds 114.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Motown Historical Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | +51.9% | +10.5% |
| 2022 | -39.0% | +10.9% | +17.8% |
| 2021 | +133.6% | +6.1% | +44.6% |
| 2020 | -45.7% | -3.6% | +22.2% |
| 2019 | +281.6% | +5.4% | +77.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Motown Historical 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 Motown Historical 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Motown Historical Museum Inc
Is Motown Historical Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Motown Historical Museum Inc (EIN: 382614561) insufficient data. 0 red flags identified, 0 strengths noted.
How does Motown Historical Museum Inc spend its money?
Detailed spending breakdown data is not yet available for Motown Historical Museum Inc. Check back for updated IRS 990 analysis.
Are donations to Motown Historical Museum Inc tax-deductible?
Motown Historical Museum Inc is registered as a tax-exempt nonprofit (EIN: 382614561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Motown Historical Museum Inc located?
Motown Historical Museum Inc is headquartered in Detroit, Michigan and files with the IRS under EIN 382614561. It is classified under NTEE code A540.
How many years of IRS 990 filings does Motown Historical Museum Inc have?
Motown Historical 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 $10.2M in total revenue.
Filing History
IRS 990 filing history for Motown Historical Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Motown Historical Museum Inc's revenue has grown by 1327.7%, moving from $702K to $10.0M. Total assets increased by 2643.6% over the same period, from $1.7M to $47.3M. Total functional expenses rose by 421.9%, from $954K to $5.0M. In its most recent filing year (2023), Motown Historical Museum Inc reported a surplus of $5.0M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $47.3M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $46.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $5.0M | $47.3M | $1.3M | — | — |
| 2022 | $9.0M | $3.3M | $42.8M | $1.9M | — | View 990 |
| 2021 | $14.8M | $3.0M | $36.3M | $1.2M | — | View 990 |
| 2020 | $6.4M | $2.8M | $25.1M | $1.9M | — | — |
| 2019 | $11.7M | $2.9M | $20.6M | $870K | — | View 990 |
| 2018 | $3.1M | $2.7M | $11.6M | $728K | — | View 990 |
| 2017 | $10.2M | $2.6M | $12.1M | $1.6M | — | View 990 |
| 2016 | $2.7M | $2.1M | $3.7M | $734K | — | View 990 |
| 2015 | $2.3M | $1.8M | $2.7M | $259K | — | View 990 |
| 2014 | $1.1M | $1.2M | $1.9M | $125K | — | View 990 |
| 2013 | $1.2M | $1.1M | $1.8M | $150K | — | View 990 |
| 2012 | $961K | $935K | $1.8M | $177K | — | View 990 |
| 2011 | $702K | $954K | $1.7M | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $5.0M, and assets of $47.3M (revenue +10.7% year-over-year).
- 2022: Revenue of $9.0M, expenses of $3.3M, and assets of $42.8M (revenue -39.0% year-over-year).
- 2021: Revenue of $14.8M, expenses of $3.0M, and assets of $36.3M (revenue +133.6% year-over-year).
- 2020: Revenue of $6.4M, expenses of $2.8M, and assets of $25.1M (revenue -45.7% year-over-year).
- 2019: Revenue of $11.7M, expenses of $2.9M, and assets of $20.6M (revenue +281.6% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.7M, and assets of $11.6M (revenue -69.8% year-over-year).
- 2017: Revenue of $10.2M, expenses of $2.6M, and assets of $12.1M (revenue +270.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.1M, and assets of $3.7M (revenue +16.8% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.8M, and assets of $2.7M (revenue +115.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $1.9M (revenue -6.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $1.8M (revenue +21.1% year-over-year).
- 2012: Revenue of $961K, expenses of $935K, and assets of $1.8M (revenue +36.8% year-over-year).
- 2011: Revenue of $702K, expenses of $954K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Motown Historical Museum Inc:
Data Sources and Methodology
This transparency report for Motown Historical 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.