Museum Of Physical Security Inc
Museum Of Physical Security Inc. reports minimal financial activity with stable assets and no officer compensation.
EIN: 205513422 · Nicholasville, KY · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $755 |
| Total Expenses | $815 |
| Program Spending | 100% |
| Net Assets | $127K |
| Transparency Score | 40/100 |
Is Museum Of Physical Security Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Museum Of Physical Security Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Museum Of Physical Security Inc
Museum Of Physical Security Inc (EIN: 205513422) is a nonprofit organization based in Nicholasville, KY, classified under NTEE code T23. The organization reported total revenue of $755 and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of Physical Security Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Museum Of Physical Security Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $815 |
| Total Expenses | $815 |
| Surplus / Deficit | +$0 |
| Total Assets | $127K |
| Total Liabilities | $1 |
| Net Assets | $127K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1869.3 months |
Financial Health Grade: A
In 2023, Museum Of Physical Security Inc reported a surplus of $0 with revenue exceeding expenses, holds 1869.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Museum Of Physical Security Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.7% | -19.7% | +0.0% |
| 2022 | +0.0% | +0.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | -16.5% | -86.9% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Physical Security Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Museum Of Physical Security Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no executive salaries are paid, which is highly unusual for an active organization but aligns with its minimal financial activity.
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 Physical Security Inc's IRS 990 filings:
- Extremely low and stagnant revenue and expenses for an organization with significant assets, raising questions about active operations.
- Lack of detailed expense breakdown in provided data makes it impossible to verify program spending efficiency beyond the assumption that all minimal expenses are programmatic.
Strengths
The following positive indicators were identified for Museum Of Physical Security Inc:
- Consistent IRS 990 filing history, indicating compliance and transparency.
- Zero officer compensation reported across all filings, ensuring all minimal funds are not used for executive salaries.
- Strong asset-to-liability ratio, with stable assets and minimal liabilities ($1).
Frequently Asked Questions about Museum Of Physical Security Inc
Is Museum Of Physical Security Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of Physical Security Inc (EIN: 205513422) significant concerns. Mission Score: 40/100. 2 red flags identified, 3 strengths noted.
How does Museum Of Physical Security Inc spend its money?
Museum Of Physical Security Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Museum Of Physical Security Inc tax-deductible?
Museum Of Physical Security Inc is registered as a tax-exempt nonprofit (EIN: 205513422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Museum Of Physical Security Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Museum Of Physical Security Inc is near average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Museum Of Physical Security Inc located?
Museum Of Physical Security Inc is headquartered in Nicholasville, Kentucky and files with the IRS under EIN 205513422. It is classified under NTEE code T23.
How many years of IRS 990 filings does Museum Of Physical Security Inc have?
Museum Of Physical Security Inc has 10 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 $755 in total revenue.
What are the specific activities or programs that the Museum Of Physical Security Inc. undertakes with its minimal revenue?
The provided IRS 990 data does not detail specific program activities. With revenue consistently around $1,000 and expenses matching, it suggests very limited operational scope, possibly maintaining a collection or a very small online presence, but no significant programmatic spending is evident.
How does the organization sustain its assets of over $126,000 with such low annual revenue?
The organization appears to be primarily an asset-holding entity. Its assets have been stable for several years, suggesting they are not being significantly drawn down or actively grown through its minimal annual revenue. The revenue seems to cover only the minimal annual expenses, maintaining the status quo.
Is the Museum Of Physical Security Inc. an active and impactful charity?
Based on the financial data, the organization shows very limited financial activity and spending. While it maintains assets, the extremely low revenue and expenses (e.g., $815 revenue, $815 expenses in 2023) suggest it is not highly active or impactful in terms of significant programmatic outreach or operations.
Filing History
IRS 990 filing history for Museum Of Physical Security Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Museum Of Physical Security Inc's revenue has declined by 18.5%, moving from $1K to $815. Total assets decreased by 22.2% over the same period, from $163K to $127K. Total functional expenses fell by 89.3%, from $8K to $815. In its most recent filing year (2023), Museum Of Physical Security Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $127K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $127K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $815 | $815 | $127K | $1 | — | — |
| 2022 | $1K | $1K | $127K | $1 | — | View 990 |
| 2021 | $1K | $1K | $127K | $1 | — | — |
| 2020 | $1K | $1K | $127K | $1 | — | — |
| 2019 | $1K | $1K | $127K | $1 | — | View 990 |
| 2015 | $1K | $8K | $137K | $1 | — | View 990 |
| 2014 | $1K | $8K | $143K | $1 | — | View 990 |
| 2013 | $1 | $7K | $150K | $1 | — | View 990 |
| 2012 | $1K | $8K | $157K | $1 | — | View 990 |
| 2011 | $1K | $8K | $163K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $815, expenses of $815, and assets of $127K (revenue -19.7% year-over-year).
- 2022: Revenue of $1K, expenses of $1K, and assets of $127K (revenue +0.0% year-over-year).
- 2021: Revenue of $1K, expenses of $1K, and assets of $127K (revenue +0.0% year-over-year).
- 2020: Revenue of $1K, expenses of $1K, and assets of $127K (revenue +0.0% year-over-year).
- 2019: Revenue of $1K, expenses of $1K, and assets of $127K (revenue -16.5% year-over-year).
- 2015: Revenue of $1K, expenses of $8K, and assets of $137K (revenue +1.3% year-over-year).
- 2014: Revenue of $1K, expenses of $8K, and assets of $143K (revenue +119900.0% year-over-year).
- 2013: Revenue of $1, expenses of $7K, and assets of $150K (revenue -99.9% year-over-year).
- 2012: Revenue of $1K, expenses of $8K, and assets of $157K (revenue +20.0% year-over-year).
- 2011: Revenue of $1K, expenses of $8K, and assets of $163K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Museum Of Physical Security Inc:
Data Sources and Methodology
This transparency report for Museum Of Physical Security 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.