Museum Of Contemporary Art Detroit
Museum Of Contemporary Art Detroit faces consistent operating deficits and declining assets over recent years.
EIN: 203872376 · Detroit, MI · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 65/100 |
Is Museum Of Contemporary Art Detroit Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Museum Of Contemporary Art Detroit directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Museum Of Contemporary Art Detroit
Museum Of Contemporary Art Detroit (EIN: 203872376) is a nonprofit organization based in Detroit, MI, classified under NTEE code A51. The organization reported total revenue of $1.9M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of Contemporary Art Detroit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Museum Of Contemporary Art Detroit is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-631,320 |
| Total Assets | $3.2M |
| Total Liabilities | $205K |
| Net Assets | $3.0M |
| Operating Margin | -46.9% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 19.6 months |
Financial Health Grade: B
In 2023, Museum Of Contemporary Art Detroit reported a deficit of $631K with expenses exceeding revenue, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Museum Of Contemporary Art Detroit's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +2.6% | -14.3% |
| 2022 | -18.1% | +7.0% | -14.1% |
| 2021 | +1.2% | +19.7% | -3.1% |
| 2020 | -66.8% | -29.7% | +0.2% |
| 2019 | +138.6% | +17.6% | +162.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Museum Of Contemporary Art Detroit with a Mission Score of 65 out of 100 (Good). 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, Museum Of Contemporary Art Detroit 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 $631K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a positive sign for resource allocation directly to its mission.
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 Museum Of Contemporary Art Detroit's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue for the past three years (2021-2023), drawing down on assets.
- Declining asset base: Assets have decreased from $4,387,647 in 2021 to $3,232,324 in 2023, indicating a reliance on reserves to cover operational costs.
Strengths
The following positive indicators were identified for Museum Of Contemporary Art Detroit:
- No reported officer compensation: The organization consistently reports 0% officer compensation, suggesting resources are directed towards its mission.
- Strong asset-to-liability ratio: Assets significantly outweigh liabilities, providing a buffer despite recent declines.
- Consistent filing history: A robust history of 13 IRS 990 filings demonstrates transparency and compliance.
Frequently Asked Questions about Museum Of Contemporary Art Detroit
Is Museum Of Contemporary Art Detroit a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of Contemporary Art Detroit (EIN: 203872376) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Museum Of Contemporary Art Detroit spend its money?
Museum Of Contemporary Art Detroit directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Museum Of Contemporary Art Detroit tax-deductible?
Museum Of Contemporary Art Detroit is registered as a tax-exempt nonprofit (EIN: 203872376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Museum Of Contemporary Art Detroit's spending goes to programs?
Museum Of Contemporary Art Detroit directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Museum Of Contemporary Art Detroit compare to similar nonprofits?
With a transparency score of 65/100 (Good), Museum Of Contemporary Art Detroit is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Museum Of Contemporary Art Detroit located?
Museum Of Contemporary Art Detroit is headquartered in Detroit, Michigan and files with the IRS under EIN 203872376. It is classified under NTEE code A51.
How many years of IRS 990 filings does Museum Of Contemporary Art Detroit have?
Museum Of Contemporary Art Detroit 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 $1.9M in total revenue.
Is MOCAD a good charity?
MOCAD appears to be dedicated to its mission, evidenced by the lack of officer compensation. However, its recent financial performance, marked by consistent operating deficits, raises questions about its long-term sustainability and ability to fully deliver on its mission without financial adjustments.
What is the trend in MOCAD's financial health?
MOCAD's financial health has shown a concerning trend of declining assets and consistent operating deficits in the last three reported periods (2021-2023). For example, in 2023, expenses ($1,976,089) significantly outpaced revenue ($1,344,769).
How does MOCAD's revenue compare to its expenses?
In the most recent three years (2021-2023), MOCAD's expenses have consistently exceeded its revenue. In 2023, expenses were $1,976,089 while revenue was $1,344,769, indicating a substantial operating loss.
Are MOCAD's assets sufficient to cover its liabilities?
Yes, MOCAD's assets of $3,232,324 in 2023 comfortably cover its liabilities of $205,031. However, the asset base has been declining over the past few years.
Filing History
IRS 990 filing history for Museum Of Contemporary Art Detroit showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Museum Of Contemporary Art Detroit's revenue has grown by 3.6%, moving from $1.3M to $1.3M. Total assets increased by 179.1% over the same period, from $1.2M to $3.2M. Total functional expenses rose by 110.5%, from $939K to $2.0M. In its most recent filing year (2023), Museum Of Contemporary Art Detroit reported a deficit of $631K, with expenses exceeding revenue. The organization holds $205K in liabilities against $3.2M in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.0M | $3.2M | $205K | — | — |
| 2022 | $1.3M | $1.9M | $3.8M | $111K | — | View 990 |
| 2021 | $1.6M | $1.8M | $4.4M | $134K | — | View 990 |
| 2020 | $1.6M | $1.5M | $4.5M | $99K | — | View 990 |
| 2019 | $4.8M | $2.1M | $4.5M | $193K | — | View 990 |
| 2018 | $2.0M | $1.8M | $1.7M | $100K | — | View 990 |
| 2017 | $1.7M | $1.8M | $1.6M | $156K | — | — |
| 2016 | $1.8M | $1.6M | $1.6M | $62K | — | View 990 |
| 2015 | $1.4M | $1.4M | $1.4M | $36K | — | View 990 |
| 2014 | $1.4M | $1.4M | $1.4M | $22K | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.5M | $20K | — | View 990 |
| 2012 | $1.4M | $1.1M | $1.5M | $77K | — | View 990 |
| 2011 | $1.3M | $939K | $1.2M | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.0M, and assets of $3.2M (revenue +1.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.9M, and assets of $3.8M (revenue -18.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.8M, and assets of $4.4M (revenue +1.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $4.5M (revenue -66.8% year-over-year).
- 2019: Revenue of $4.8M, expenses of $2.1M, and assets of $4.5M (revenue +138.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $1.7M (revenue +18.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $1.6M (revenue -1.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $1.6M (revenue +24.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $1.4M (revenue +2.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $1.4M (revenue -0.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.5M (revenue -2.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.1M, and assets of $1.5M (revenue +8.7% year-over-year).
- 2011: Revenue of $1.3M, expenses of $939K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Museum Of Contemporary Art Detroit:
Data Sources and Methodology
This transparency report for Museum Of Contemporary Art Detroit 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.