North Myrtle Beach Area Historical Museum

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North Myrtle Beach Area Historical Museum Form 990, Revenue, CEO Pay, and IRS Filing Signals

North Myrtle Beach Area Historical Museum is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around North Myrtle Beach Area Historical Museum in one place.

Is North Myrtle Beach Area Historical Museum Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, North Myrtle Beach Area Historical Museum shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for North Myrtle Beach Area Historical Museum with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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North Myrtle Beach Area Historical Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About North Myrtle Beach Area Historical Museum

North Myrtle Beach Area Historical Museum (EIN: 205341879) is a nonprofit organization based in N Myrtle Bch, SC, classified under NTEE code A54. The organization reported total revenue of $70K and total assets of $522K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Myrtle Beach Area Historical Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

North Myrtle Beach Area Historical Museum is a micro nonprofit that has been operating for 4 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.8%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, North Myrtle Beach Area Historical Museum reported a deficit of $962 with expenses exceeding revenue, holds 64.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 10 years of filings (2012–2024), North Myrtle Beach Area Historical Museum's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.

IRS Tax-Exempt Classification

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 Myrtle Beach Area Historical Museum 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, North Myrtle Beach Area Historical Museum 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 (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $962, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.1%.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, indicating that the organization's leadership is likely volunteer-based, which is common for smaller museums and reflects positively on resource allocation.

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 Myrtle Beach Area Historical Museum's IRS 990 filings:

• Consistent trend of expenses exceeding revenue, leading to asset depletion over time (e.g., assets decreased from $1,038,043 in 201206 to $547,423 in 202406).
• Significant and sudden increase in liabilities to $374,000 in the 202406 period, compared to minimal or zero liabilities in previous years.
• Volatile revenue streams, with a low of $2,000 in 202006 and a high of $101,229 in 202406, making financial planning challenging.

Strengths

The following positive indicators were identified for North Myrtle Beach Area Historical Museum:

• No reported officer compensation, indicating a volunteer-led organization and efficient use of funds for leadership.
• Consistent operation as a historical museum (NTEE A54) for over a decade, demonstrating commitment to its mission.
• Maintained substantial assets, even with depletion, suggesting a historical base of support.

Frequently Asked Questions about North Myrtle Beach Area Historical Museum

Filing History

IRS 990 filing history for North Myrtle Beach Area Historical Museum showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2012–2024), North Myrtle Beach Area Historical Museum's revenue has grown by 176.4%, moving from $37K to $101K. Total assets decreased by 47.3% over the same period, from $1.0M to $547K. Total functional expenses rose by 18.7%, from $86K to $102K. In its most recent filing year (2024), North Myrtle Beach Area Historical Museum reported a deficit of $962, with expenses exceeding revenue. The organization holds $374 in liabilities against $547K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $547K.

Year-by-Year Financial Summary

• 2024: Revenue of $101K, expenses of $102K, and assets of $547K (revenue +46.8% year-over-year).
• 2023: Revenue of $69K, expenses of $70K, and assets of $549K (revenue +124.8% year-over-year).
• 2021: Revenue of $31K, expenses of $60K, and assets of $577K (revenue +1433.4% year-over-year).
• 2020: Revenue of $2K, expenses of $62K, and assets of $603K (revenue -90.0% year-over-year).
• 2019: Revenue of $20K, expenses of $67K, and assets of $645K (revenue +11.1% year-over-year).
• 2018: Revenue of $18K, expenses of $69K, and assets of $692K (revenue -4.1% year-over-year).
• 2017: Revenue of $19K, expenses of $70K, and assets of $744K (revenue -53.5% year-over-year).
• 2016: Revenue of $40K, expenses of $89K, and assets of $795K (revenue -24.7% year-over-year).
• 2013: Revenue of $54K, expenses of $231K, and assets of $862K (revenue +46.3% year-over-year).
• 2012: Revenue of $37K, expenses of $86K, and assets of $1.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for North Myrtle Beach Area Historical Museum:

Data Sources and Methodology

This transparency report for North Myrtle Beach Area Historical Museum 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.