Red Skelton Museum Foundation Inc
Red Skelton Museum Foundation shows stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 208202140 · Vincennes, IN · NTEE: A11 · Updated: 2026-03-28
Is Red Skelton Museum Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Red Skelton Museum Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Red Skelton Museum Foundation Inc
Red Skelton Museum Foundation Inc (EIN: 208202140) is a nonprofit organization based in Vincennes, IN, classified under NTEE code A11. The organization reported total revenue of $263K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Skelton Museum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Red Skelton Museum Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Red Skelton Museum Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of its size with assets consistently above $4 million.
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 Red Skelton Museum Foundation Inc's IRS 990 filings:
- Highly variable annual revenue, making future financial planning potentially challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits full efficiency assessment.
Strengths
The following positive indicators were identified for Red Skelton Museum Foundation Inc:
- Consistent asset base, indicating strong financial stability (e.g., $4,891,731 in 2023).
- Zero officer compensation reported across all filings, demonstrating highly efficient leadership and resource allocation.
- Low liabilities consistently reported, indicating a healthy balance sheet (e.g., $3,318 in 2023).
- Strong surplus in 2023 ($641,502 revenue vs. $229,982 expenses), indicating effective financial management for that period.
- Long history of IRS 990 filings, suggesting good transparency and compliance.
Frequently Asked Questions about Red Skelton Museum Foundation Inc
Is Red Skelton Museum Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Skelton Museum Foundation Inc (EIN: 208202140) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Red Skelton Museum Foundation Inc spend its money?
Red Skelton Museum Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Red Skelton Museum Foundation Inc tax-deductible?
Red Skelton Museum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208202140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Red Skelton Museum Foundation Inc manage its significant asset base?
The organization consistently maintains assets around $4.5 million to $4.8 million, suggesting a focus on long-term financial stability, likely through endowments or investment strategies, given its museum foundation nature.
What caused the significant revenue increase in 2023?
In 2023, revenue jumped to $641,502 from $148,363 in 2022. This substantial increase could be due to a major grant, a successful fundraising campaign, or a large donation, which would be important to understand for future sustainability.
What are the primary program activities funded by the foundation?
As a museum foundation, its primary program activities likely involve museum operations, exhibits, educational programs, and preservation efforts related to Red Skelton's legacy, though specific details are not provided in the financial summary.
Filing History
IRS 990 filing history for Red Skelton Museum Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Red Skelton Museum Foundation Inc's revenue has grown by 71.5%, moving from $374K to $642K. Total assets increased by 39.8% over the same period, from $3.5M to $4.9M. Total functional expenses rose by 62.5%, from $141K to $230K. In its most recent filing year (2023), Red Skelton Museum Foundation Inc reported a surplus of $412K, with revenue exceeding expenses. The organization holds $3K in liabilities against $4.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $642K | $230K | $4.9M | $3K | — | — |
| 2022 | $148K | $265K | $4.5M | $3K | — | View 990 |
| 2021 | $219K | $201K | $4.6M | $3K | — | View 990 |
| 2020 | $94K | $193K | $4.6M | $3K | — | — |
| 2019 | $135K | $215K | $4.6M | $3K | — | View 990 |
| 2018 | $125K | $220K | $4.7M | $2K | — | View 990 |
| 2017 | $329K | $204K | $4.8M | $2K | — | View 990 |
| 2016 | $148K | $204K | $4.7M | $2K | — | View 990 |
| 2015 | $185K | $223K | $4.7M | $2K | — | View 990 |
| 2014 | $251K | $262K | $4.8M | $5K | — | View 990 |
| 2013 | $261K | $196K | $4.8M | $4K | — | View 990 |
| 2012 | $1.4M | $179K | $4.7M | $2K | — | View 990 |
| 2011 | $374K | $141K | $3.5M | $899 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $642K, expenses of $230K, and assets of $4.9M (revenue +332.4% year-over-year).
- 2022: Revenue of $148K, expenses of $265K, and assets of $4.5M (revenue -32.4% year-over-year).
- 2021: Revenue of $219K, expenses of $201K, and assets of $4.6M (revenue +132.3% year-over-year).
- 2020: Revenue of $94K, expenses of $193K, and assets of $4.6M (revenue -30.3% year-over-year).
- 2019: Revenue of $135K, expenses of $215K, and assets of $4.6M (revenue +8.2% year-over-year).
- 2018: Revenue of $125K, expenses of $220K, and assets of $4.7M (revenue -62.0% year-over-year).
- 2017: Revenue of $329K, expenses of $204K, and assets of $4.8M (revenue +122.7% year-over-year).
- 2016: Revenue of $148K, expenses of $204K, and assets of $4.7M (revenue -20.2% year-over-year).
- 2015: Revenue of $185K, expenses of $223K, and assets of $4.7M (revenue -26.2% year-over-year).
- 2014: Revenue of $251K, expenses of $262K, and assets of $4.8M (revenue -3.8% year-over-year).
- 2013: Revenue of $261K, expenses of $196K, and assets of $4.8M (revenue -81.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $179K, and assets of $4.7M (revenue +273.1% year-over-year).
- 2011: Revenue of $374K, expenses of $141K, and assets of $3.5M.
Data Sources and Methodology
This transparency report for Red Skelton Museum Foundation 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.