North Carolina Museum Of History Foundation
North Carolina Museum Of History Foundation shows strong financial growth and zero executive compensation.
EIN: 200988951 · Raleigh, NC · NTEE: A50 · Updated: 2026-03-28
Is North Carolina Museum Of History Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Carolina Museum Of History Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Carolina Museum Of History Foundation
North Carolina Museum Of History Foundation (EIN: 200988951) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A50. The organization reported total revenue of $19.3M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Museum Of History Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Museum Of History Foundation is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$4.8M |
| Total Assets | $13.2M |
| Total Liabilities | $158K |
| Net Assets | $13.0M |
| Operating Margin | 79.3% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 125.6 months |
Financial Health Grade: A
In 2023, North Carolina Museum Of History Foundation reported a surplus of $4.8M with revenue exceeding expenses, holds 125.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Carolina Museum Of History Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +226.5% | +36.8% | +69.2% |
| 2022 | -25.8% | -41.7% | -7.2% |
| 2021 | +237.1% | +142.6% | +34.1% |
| 2020 | -15.6% | -25.0% | -0.9% |
| 2019 | -54.7% | +29.4% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 North Carolina Museum Of History Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, North Carolina Museum Of History Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $4.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $19 million in latest reported revenue and suggests either volunteer leadership or compensation handled by an affiliated entity.
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 North Carolina Museum Of History Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, indicating potential reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for North Carolina Museum Of History Foundation:
- Consistent 0% officer compensation, indicating strong commitment to mission-focused spending.
- Substantial asset growth over time, from $1.85M in 2015 to $13.16M in 2023.
- Strong financial health with revenue significantly exceeding expenses in recent periods, particularly in 2023 ($6M revenue vs. $1.2M expenses).
- Low liabilities relative to assets, indicating financial stability (e.g., $157,509 liabilities vs. $13,168,526 assets in 2023).
Frequently Asked Questions about North Carolina Museum Of History Foundation
Is North Carolina Museum Of History Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Museum Of History Foundation (EIN: 200988951) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does North Carolina Museum Of History Foundation spend its money?
North Carolina Museum Of History Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Carolina Museum Of History Foundation tax-deductible?
North Carolina Museum Of History Foundation is registered as a tax-exempt nonprofit (EIN: 200988951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the North Carolina Museum Of History Foundation a good charity?
Based on its financial filings, the foundation appears to be a very good charity. It consistently reports 0% officer compensation, has significantly grown its assets, and in its latest filing, generated substantial revenue relative to its expenses, indicating strong financial management and a focus on its mission.
Why is officer compensation 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's leadership may be entirely volunteer-based, or that executive compensation is handled by an affiliated entity (such as the museum itself) and not directly by the foundation, which is a common practice for supporting organizations.
What caused the large revenue increase in 2023?
The significant jump in revenue from $1,862,374 in 2022 to $6,081,533 in 2023 likely indicates a major fundraising success, a large grant, or a substantial donation received during that period. Further investigation into the 990 forms would be needed to identify the specific source(s).
How does the foundation manage its expenses?
In the 2023 period, the foundation reported expenses of $1,258,173 against revenue of $6,081,533, demonstrating a very efficient expense management relative to its income. This suggests a lean operational structure and effective allocation of resources.
Filing History
IRS 990 filing history for North Carolina Museum Of History Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Carolina Museum Of History Foundation's revenue has grown by 1278.3%, moving from $441K to $6.1M. Total assets increased by 885.4% over the same period, from $1.3M to $13.2M. Total functional expenses rose by 13.6%, from $1.1M to $1.3M. In its most recent filing year (2023), North Carolina Museum Of History Foundation reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $158K in liabilities against $13.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $1.3M | $13.2M | $158K | — | View 990 |
| 2022 | $1.9M | $919K | $7.8M | $103K | — | View 990 |
| 2021 | $2.5M | $1.6M | $8.4M | $193K | — | View 990 |
| 2020 | $745K | $650K | $6.3M | $86K | — | View 990 |
| 2019 | $883K | $867K | $6.3M | $82K | — | View 990 |
| 2018 | $1.9M | $670K | $6.3M | $117K | — | View 990 |
| 2017 | $2.0M | $929K | $4.9M | $104K | — | View 990 |
| 2016 | $2.5M | $636K | $3.6M | $100K | — | View 990 |
| 2015 | $858K | $997K | $1.9M | $158K | — | View 990 |
| 2014 | $999K | $656K | $2.1M | $268K | — | View 990 |
| 2013 | $579K | $348K | $1.7M | $264K | — | View 990 |
| 2012 | $668K | $459K | $1.5M | $242K | — | View 990 |
| 2011 | $441K | $1.1M | $1.3M | $312K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $1.3M, and assets of $13.2M (revenue +226.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $919K, and assets of $7.8M (revenue -25.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.6M, and assets of $8.4M (revenue +237.1% year-over-year).
- 2020: Revenue of $745K, expenses of $650K, and assets of $6.3M (revenue -15.6% year-over-year).
- 2019: Revenue of $883K, expenses of $867K, and assets of $6.3M (revenue -54.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $670K, and assets of $6.3M (revenue -0.5% year-over-year).
- 2017: Revenue of $2.0M, expenses of $929K, and assets of $4.9M (revenue -21.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $636K, and assets of $3.6M (revenue +189.0% year-over-year).
- 2015: Revenue of $858K, expenses of $997K, and assets of $1.9M (revenue -14.1% year-over-year).
- 2014: Revenue of $999K, expenses of $656K, and assets of $2.1M (revenue +72.6% year-over-year).
- 2013: Revenue of $579K, expenses of $348K, and assets of $1.7M (revenue -13.3% year-over-year).
- 2012: Revenue of $668K, expenses of $459K, and assets of $1.5M (revenue +51.3% year-over-year).
- 2011: Revenue of $441K, expenses of $1.1M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Museum Of History Foundation:
Data Sources and Methodology
This transparency report for North Carolina Museum Of History Foundation 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.