Normal Park Museum Magnet Education Fund
EIN: 464637778 · Chattanooga, TN · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $350K |
| Total Expenses | $265K |
| Net Assets | $179K |
Is Normal Park Museum Magnet Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Normal Park Museum Magnet Education Fund
Normal Park Museum Magnet Education Fund (EIN: 464637778) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code B12. The organization reported total revenue of $350K and total assets of $181K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Normal Park Museum Magnet Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Normal Park Museum Magnet Education Fund is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $265K |
| Surplus / Deficit | +$18K |
| Total Assets | $180K |
| Total Liabilities | $947 |
| Net Assets | $179K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Normal Park Museum Magnet Education Fund reported a surplus of $18K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Normal Park Museum Magnet Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.3% | +43.3% | +10.9% |
| 2022 | +33.9% | +51.1% | +9.1% |
| 2021 | -31.8% | -39.2% | +21.2% |
| 2020 | -8.1% | -30.7% | +15.4% |
| 2019 | -30.4% | -23.7% | -33.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Normal Park Museum Magnet Education Fund 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 Normal Park Museum Magnet Education Fund 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 $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Normal Park Museum Magnet Education Fund
Is Normal Park Museum Magnet Education Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Normal Park Museum Magnet Education Fund (EIN: 464637778) insufficient data. 0 red flags identified, 0 strengths noted.
How does Normal Park Museum Magnet Education Fund spend its money?
Detailed spending breakdown data is not yet available for Normal Park Museum Magnet Education Fund. Check back for updated IRS 990 analysis.
Are donations to Normal Park Museum Magnet Education Fund tax-deductible?
Normal Park Museum Magnet Education Fund is registered as a tax-exempt nonprofit (EIN: 464637778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Normal Park Museum Magnet Education Fund located?
Normal Park Museum Magnet Education Fund is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 464637778. It is classified under NTEE code B12.
How many years of IRS 990 filings does Normal Park Museum Magnet Education Fund have?
Normal Park Museum Magnet Education Fund 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 $350K in total revenue.
Filing History
IRS 990 filing history for Normal Park Museum Magnet Education Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Normal Park Museum Magnet Education Fund's revenue has grown by 390.8%, moving from $58K to $283K. Total assets increased by 58.5% over the same period, from $114K to $180K. Total functional expenses rose by 76.4%, from $150K to $265K. In its most recent filing year (2023), Normal Park Museum Magnet Education Fund reported a surplus of $18K, with revenue exceeding expenses. The organization holds $947 in liabilities against $180K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $179K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $265K | $180K | $947 | — | View 990 |
| 2022 | $199K | $185K | $162K | $957 | — | View 990 |
| 2021 | $148K | $122K | $149K | $0 | — | View 990 |
| 2020 | $218K | $201K | $123K | $0 | — | View 990 |
| 2019 | $237K | $291K | $106K | $0 | — | View 990 |
| 2018 | $341K | $381K | $160K | $0 | — | View 990 |
| 2017 | $285K | $171K | $200K | $0 | — | View 990 |
| 2016 | $183K | $210K | $87K | $0 | — | View 990 |
| 2015 | $245K | $244K | $115K | $0 | — | View 990 |
| 2014 | $58K | $150K | $114K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $265K, and assets of $180K (revenue +42.3% year-over-year).
- 2022: Revenue of $199K, expenses of $185K, and assets of $162K (revenue +33.9% year-over-year).
- 2021: Revenue of $148K, expenses of $122K, and assets of $149K (revenue -31.8% year-over-year).
- 2020: Revenue of $218K, expenses of $201K, and assets of $123K (revenue -8.1% year-over-year).
- 2019: Revenue of $237K, expenses of $291K, and assets of $106K (revenue -30.4% year-over-year).
- 2018: Revenue of $341K, expenses of $381K, and assets of $160K (revenue +19.7% year-over-year).
- 2017: Revenue of $285K, expenses of $171K, and assets of $200K (revenue +55.9% year-over-year).
- 2016: Revenue of $183K, expenses of $210K, and assets of $87K (revenue -25.6% year-over-year).
- 2015: Revenue of $245K, expenses of $244K, and assets of $115K (revenue +325.3% year-over-year).
- 2014: Revenue of $58K, expenses of $150K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Normal Park Museum Magnet Education Fund:
Data Sources and Methodology
This transparency report for Normal Park Museum Magnet Education Fund 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.