Museum Of The Albemarle Inc
EIN: 566065293 · Elizabeth Cty, NC · NTEE: A540
Is Museum Of The Albemarle Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Museum Of The Albemarle Inc
Museum Of The Albemarle Inc (EIN: 566065293) is a nonprofit organization based in Elizabeth Cty, NC, classified under NTEE code A540. The organization reported total revenue of $288K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of The Albemarle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Museum Of The Albemarle Inc is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $126K |
| Surplus / Deficit | +$12K |
| Total Assets | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | 8.5% |
| Months of Reserves | 241.9 months |
Financial Health Grade: A
In 2023, Museum Of The Albemarle Inc reported a surplus of $12K with revenue exceeding expenses, holds 241.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Museum Of The Albemarle Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.9% | -27.1% | +1.3% |
| 2022 | -16.4% | +57.7% | -5.2% |
| 2021 | +234.3% | +11.5% | +12.4% |
| 2020 | -54.6% | -32.4% | +0.1% |
| 2019 | -11.8% | -13.6% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Museum Of The Albemarle 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 Museum Of The Albemarle 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 $12K, with revenue exceeding expenses.
Frequently Asked Questions about Museum Of The Albemarle Inc
Is Museum Of The Albemarle Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of The Albemarle Inc (EIN: 566065293) insufficient data. 0 red flags identified, 0 strengths noted.
How does Museum Of The Albemarle Inc spend its money?
Detailed spending breakdown data is not yet available for Museum Of The Albemarle Inc. Check back for updated IRS 990 analysis.
Are donations to Museum Of The Albemarle Inc tax-deductible?
Museum Of The Albemarle Inc is registered as a tax-exempt nonprofit (EIN: 566065293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Museum Of The Albemarle Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Museum Of The Albemarle Inc's revenue has grown by 55.9%, moving from $88K to $138K. Total assets increased by 17.8% over the same period, from $2.2M to $2.5M. Total functional expenses rose by 103.3%, from $62K to $126K. In its most recent filing year (2023), Museum Of The Albemarle Inc reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $138K | $126K | $2.5M | $0 | — | — |
| 2022 | $193K | $173K | $2.5M | $0 | — | View 990 |
| 2021 | $231K | $109K | $2.6M | $0 | — | View 990 |
| 2020 | $69K | $98K | $2.3M | $0 | — | — |
| 2019 | $152K | $145K | $2.3M | $0 | — | View 990 |
| 2018 | $173K | $168K | $2.1M | $0 | — | View 990 |
| 2017 | $229K | $164K | $2.3M | $0 | — | View 990 |
| 2016 | $121K | $157K | $2.2M | $0 | — | View 990 |
| 2015 | $95K | $128K | $2.1M | $0 | — | View 990 |
| 2014 | $105K | $110K | $2.2M | $0 | — | View 990 |
| 2013 | $78K | $143K | $2.2M | $0 | — | View 990 |
| 2012 | $88K | $78K | $2.2M | $0 | — | View 990 |
| 2011 | $88K | $62K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138K, expenses of $126K, and assets of $2.5M (revenue -28.9% year-over-year).
- 2022: Revenue of $193K, expenses of $173K, and assets of $2.5M (revenue -16.4% year-over-year).
- 2021: Revenue of $231K, expenses of $109K, and assets of $2.6M (revenue +234.3% year-over-year).
- 2020: Revenue of $69K, expenses of $98K, and assets of $2.3M (revenue -54.6% year-over-year).
- 2019: Revenue of $152K, expenses of $145K, and assets of $2.3M (revenue -11.8% year-over-year).
- 2018: Revenue of $173K, expenses of $168K, and assets of $2.1M (revenue -24.7% year-over-year).
- 2017: Revenue of $229K, expenses of $164K, and assets of $2.3M (revenue +90.2% year-over-year).
- 2016: Revenue of $121K, expenses of $157K, and assets of $2.2M (revenue +27.2% year-over-year).
- 2015: Revenue of $95K, expenses of $128K, and assets of $2.1M (revenue -9.8% year-over-year).
- 2014: Revenue of $105K, expenses of $110K, and assets of $2.2M (revenue +34.0% year-over-year).
- 2013: Revenue of $78K, expenses of $143K, and assets of $2.2M (revenue -11.1% year-over-year).
- 2012: Revenue of $88K, expenses of $78K, and assets of $2.2M (revenue +-0.0% year-over-year).
- 2011: Revenue of $88K, expenses of $62K, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Museum Of The Albemarle 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.